Hull City have confirmed the club´s takeover by a southern-based consortium in a deal believed to be worth around £10million.

Adam Pearson has sold his entire stake in the Coca-Cola Championship outfit to a group headed by Paul Duffen, a former chief executive of Catalyst Media and shareholder in bookmakers SIS.

Duffen, who revealed he had failed in previous attempts to buy West Ham and Cardiff, told a news conference at the KC Stadium: "As soon as I found out Hull was available and came up and met Adam, I realised the potential. This was the best-kept secret in the Championship as far as I was concerned."

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