Championship rugby club Cornish Pirates have confirmed that they are in the final stages of buying Truro City Football Club.
The move has been described as helping to “secure the future of professional sport in Cornwall”.
Dicky Evans, major shareholder of the Cornish Pirates, said the sale is great news for sport in Cornwall as well as both professional clubs.
Both rugby and football teams will continue to operate as separate entities with individual boards and management.
The purchase, which is still awaiting final National League and FA approval, has been underway for six weeks.
National League South football side Truro City will continue to play at Treyew Road for the foreseeable future.