Stockport County have confirmed the sale of the club to local businessman Mark Stott.
Born and raised in Stockport, Stott is the founder and CEO of Cheshire-based Vita Group. He is also a lifelong football supporter.
Stott said: “I am excited by the opportunity that lies ahead to support Stockport County FC to fulfill its great potential both on and off the pitch by creating a more sustainable model for the future of this historic football club that includes deepening its longstanding ties with the local community.
“Throughout all of the ups and downs it has faced over the years, the club and its supporters have always shown immense character and resilience, which is one of the many things that makes Stockport County FC a unique community club. With persistence, financial stability and the right long-term plan, I have no doubt that the players, staff and fans can achieve great things together.
Chairman Richard Park will become non-executive chairman and Chris Brammall will join the board as non-executive director. Jim Gannon will remain as manager with the full support of the new board.
Stockport say that the transaction will leave the club in a stable financial position and with zero debt. Stott has passed all necessary FA approvals and the club hope to have the National League approval imminently.