Ipswich Town owner Marcus Evans has sold the League One club to American investment fund ORG.
A new company, Gamechanger 20 Ltd, has been formed to buy the club, with ORG owning a 90% stake.
Americans Brett Johnson, Berke Bakay and Mark Detmer will jointly own 5% of the company, with Evans standing down but still owning the remaining 5%.
Former West Brom chief executive Mike O’Leary will be Ipswich chairman, with a “UK-based” CEO to be appointed.
More to follow.