Peter Trembling has today announced that he has completed the management buyout deal to takeover as the owner of the club. He has struck a deal with Munto Finance who announced on Wednesday that the club was up for sale.
He has stated that investment is in the pipelines, he does not intend to take out any loans and that appropriate funds are available to carry on as planned.
He also said that the ambition of Championship and beyond is still in place. When question whether Sven would stay without investment he replied with a slightly cynical "You'll have to ask him". Sven was not involved in the takeover.
See official site for full statement.