Dundee United is now under new ownership after majority shareholder Stephen Thompson was bought out of the club.
Chairman Mike Martin, director James Fyffe and two unnamed businessmen have acquired the 53% of shares owned by the former United chief.
The identities of the two other businessmen has not been revealed by the Tannadice club but are said to be “lifelong United fans”.
Mr Martin said: “This share transaction strengthens our current financial position and provides the solid platform required as we continue to progress long term investment opportunities.”
Thompson stepped down from his chairman role in March and had been looking to sell his stake in the club.
This development comes just days after local property developer James Gibson saw his bid to buy shares fall through.