Raj Singh's Pools takeover confirmed - subject to green light from FA and National League
Raj Singh's Hartlepool United takeover has been officially confirmed, subject to ratification from the relevant governing bodies.
An official statement on the club website, published just minutes before Pools match with Solihull Moors, confirmed that contracts have been exchanged between buyer and seller, and the deal is complete.
For the deal to be 100% rubber-stamped, the Football Association and the National League must give the deal the green light.
Meetings with both will take place this week.
Singh has been confirmed as the club's new chairman.
The club have also confirmed the news, as revealed by the Mail on March 18, that Craig Hignett will be Pools' new director of football.
The statement read: "Hartlepool United are delighted to confirm that contracts have been exchanged on Raj Singh’s proposed takeover of the club.
"The Teesside businessman has finalised negotiations with previous owner John Blackledge (Sage Investments) and will be installed as the new owner and chairman of Hartlepool United.
"Talks between the two parties have been ongoing for a number of weeks but contracts were exchanged on Friday evening and the deal is now subject to Football Association and National League approval.
"As part of the re-organisation, former Pools boss Craig Hignett will return to Victoria Park in a new role as director of football."