Huddersfield Town chairman Ken Davy has confirmed he will had control of the club to local businessman Dean Hoyle at the end of next season.
Davy will remain at the helm of the Terriers during their centenary season before stepping aside next summer.
Terriers fan and local businessman Hoyle had been in talks over a takeover at the Galpharm Stadium since the turn of the year.
"Dean will be injecting significant funds into the club alongside myself," Davy told the club's official website.
"This promises to be a fruitful and exciting partnership for Huddersfield.
"We both believe that Huddersfield Town has great potential to move forward and that our combined resources will give the club a unique opportunity to progress in the centenary season and beyond."