The Stirling Albion Supporters Trust has agreed a £300,000 deal to clear debts and make a one-off payment to Peter McKenzie, chairman for 26 years.
McKenzie, 84, has agreed to write off the £1.2m loan that was due to him.
I was waiting patiently for an announcement about the future of the club on Stirling Albion's official site but the BBC seem to have beaten them to it.
"'Buy Stirling Albion' campaign spokesperson Paul Goodwin said: "We are absolutely delighted to have reached an agreement to acquire Mr McKenzie's majority shareholding in the club.
"Throughout the negotiations Mr McKenzie made the wellbeing of the club and its position in the community key factors in any agreement he made.
"This acquisition has the potential to be a landmark moment for the future of Scottish football as it marks the first senior Scottish football club to come under the direct control of its fans' supporters trust.
"Everyone knows that there are severe pressures on football at all levels just now and we are under no illusion, and no-one else connected with the club should be either, that there is a very challenging future ahead."
"The Trust is absolutely committed to supporting the management and the team, developing the club's role and presence in the wider Stirling community and undertaking some innovative commercial activity in order to generate new income."
It's certainly going to be interesting to see how this goes. Good as the news is it does still have the feeling of an experiment about it. A case of "that's the hard bit done, now lets get started on with the harder bit."
All that's for later. For now it's a simply a case of well done and good luck.
> Omens? Definitely. Andy Murray is a member of the Stirling Albion Supporters Trust. That has to bring him good luck today and the club good luck in the future. Murray's grandfather, Roy Erskine, played for Stirling Albion in the 1950s.
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