Dumbarton Football Club has new owners, after Brabco 736 sold its majority shareholding to Cognitive Capital.
St Helen’s-based investors Brabco bought into the League One side in 2008, releasing ambitious plans for a new £13.5m stadium development at Young’s Farm near Renton in 2014.
Following a lengthy planning debate, the proposals were rejected by councillors in March 2018 - with Brabco believed to be keen to appeal the decision.
However, no appeal was ever made, nor was an application for permission ever resubmitted.
That led to calls from the Supporters’ Trust for clarity on the future position of the owners - who were not represented on the club board - and who have previously been unwilling to communicate with the trust.
After a lengthy period of talks, the club confirmed the takeover deal in the last few days.
"Dumbarton FC can announce that a deal has been concluded today for Cognitive Capital to buy out Brabco's majority shareholding in the club," read a statement.
"We had been in discussions with Cognitive Capital for some time and we look forward to working with them as our majority shareholder.
"The group has significant plans for the club which we look forward to embracing in the weeks and months to come.
"We will keep our supporters fully informed of plans for the progress of the club."
Companies House records show that Birmingham-based Cognitive Capital has two active officers. Matthew Atkinson, an architect who is also the director of More Homes DFC, and Henning Kristoffersen.
Dumbarton currently sit eighth in the League 1 table, two points above Clyde in the relegation play-off position with two games remaining.
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