League Two club Plymouth Argyle are no longer in administration, the Football League have confirmed.
It has been agreed that Green Pilgrim Limited, a company owned by James Brent, has taken over control of the Devon-based club.
"I would like to welcome James Brent to The Football League and thank him for the efforts he has made to help save Plymouth Argyle Football Club," read a statement from Football League chairman Greg Clarke.
"It is important to place on record that his takeover proposals have required a significant leap of faith by the board, which it has agreed to take in order to preserve the future of professional football in Plymouth.
"I would like to pay a particular tribute to the staff and players of Plymouth Argyle. For many months they have worked without pay and without any certainty that they would receive money owed to them or even have a job in future."
The club had been in administration since March.
Liam Apicella
