This statement comes from the official Gateshead FC website:
"A consortium, headed by Neil Pinkerton and Trevor Clark, have undertaken and completed the necessary legal paperwork to purchase the club from Dr Ranjan Varghese, subject to ratification from the relevant authorities.
We wish to place on record, our sincerest gratitude towards PG Legal and all those that have helped to enable this complex and arduous purchase. Rest assured that all deadlines to the National League and the FA will be met, to ensure compliance and, to hopefully overturn the sanctions which were rightly imposed on the club.
It is imperative that we safeguard our 10-year affinity at the top of the Non-League pyramid for at least the 2019/20 season. We appreciate there will be many questions and not necessarily an abundance of answers in the coming days.
However, rest assured that fellow fans have every right to be as excited as we are, as we head into a new era, with not only a club we can call our own, but one that has the stability and integrity it has been missing over the past year.
There are relationships and bridges to be built, but with the correct people at the helm, we will do it. Transparency and honesty is key to what is, foremost, a community asset. We look forward to drawing a line under the past and hope to have some exciting announcements in the coming days."