The majority shareholder in Crewe Alex, Norman Hassall, has reached an agreement to sell his stake.
The club have released this statement:
Gresty Holdings (Crewe) Limited, which holds the controlling interest in Crewe Alexandra, is pleased to announce that it has reached agreement to sell all of the latter's shares to a group of local investors and supporters.
The agreement has the support of Norman Hassall and his family, The Railwaymen supporters' society, and the Crewe Alexandra board of directors.
The agreement ensures that ownership will remain with local people, who have Crewe Alexandra and the community at heart.
Following the restructure, no single shareholder would own more than 12.5% of the shares.