There was some big news from National League club Gateshead on Thursday night.

Gateshead’s future has been secured after a US-based investment group moved to the brink of finalising a takeover at the National League club.

There were major concerns over the Heed’s long-term future after players went unpaid for the month of September and the threat of a winding-up order from HMRC loomed large. However, the Flacks Group, who have assets worth in excess of $7bn, agreed an initial deal with club shareholders just over a month ago and appeared to have set the Tynesiders on the right path.

However, a lingering dispute between shareholders and the Shoreline Group, who tried to complete their own takeover at the International Stadium last year, threatened to derail Flacks Group’s own deal. After a flurry of talks over the last week, an agreement has been brokered and Flacks Group have now confirmed only approval from the Independent Football Regulator stands in the way of the completion of a deal that can herald the start of a new era for the Heed. The Gateshead Supporters Society, who are shareholders in the club, expressed their delight over the news and revealed they are looking forward to working with their club’s new owners.

Join the Echo’s WhatsApp SAFC Channel for the latest news, team & injury updates direct to your phone. Simply click this link to join.

A statement released on Thursday read: “The Gateshead FC Supporters Society is delighted to welcome the completion of the club’s takeover by the Flacks Group. This transition represents a significant milestone for the club and provides a strong platform from which to build for the future, both on and off the pitch.

“We welcome the Flacks Group to Gateshead FC and look forward to working together to drive the club forward, strengthen our connection with supporters and the wider community, and achieve long-term success. On behalf of everyone at Gateshead FC Supporters Society, we would like to place on record our sincere thanks to the club’s shareholders for their support, commitment, and cooperation throughout this process. Their dedication to ensuring a positive future for the club has been invaluable. We would also like to thank all parties involved in making this transaction possible. The professionalism, hard work, and collaborative spirit shown by everyone throughout the negotiations have helped bring this deal to a successful conclusion.”

Your next football read: 70 amazing photos of loyal Sunderland fans despite Dinamo Zagreb defeat – can you spot yourself?