Peter Ridsdale has announced he will step down from his position as acting chairman at Plymouth once businessman James Brent completes his takeover.
Former Cardiff and Leeds supremo Ridsdale has claimed the club are close to securing the Pilgrims' financial future, with Brent on the verge of agreeing a deal to assume control of the Devon outfit.
Brent had suggested all aspects of his deal may not be finalised until mid-October, yet Ridsdale's statement on Friday said: "I am delighted that it now appears that James Brent is within sight of being able to complete his takeover of Plymouth Argyle Football Club."
He added: "James was originally my personal preferred buyer and nothing that has happened over the last six months has changed my mind.
"On the assumption that he is now able to complete his takeover, it will bring to end the uncertainty that has put the club's very existence in doubt.
"I have consistently said that my role was to find the right long-term solution for Argyle and, on completion of the takeover by James Brent, I see that as 'job done'.
"I, therefore, can confirm that my role as acting chairman of Plymouth Argyle Football Club on behalf of the administrator will finish on the completion of James Brent's takeover."
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