Stockport manager Gary Ablett has left the club by "mutual consent" after the club's long-awaited takeover was finally completed.
The cash-strapped Edgeley Park outfit have been taken over by the 2015 Group consortium as they gear up for life in League Two.
However, Ablett will play no part in the club's new era after presiding over last season's relegation and former boss Jim Gannon is being tipped to return to the club.
A club spokesman told Press Association Sport: "Gary Ablett and his management team have left the club by mutual consent.
"The new board are open-minded about who will come in but no decision has yet been made."
Copyright (c) PA Sport 2009, All Rights Reserved.
Do YOU want to write for GiveMeSport? Get started today by signing-up and submitting an article HERE: http://gms.to/writeforgms