For Chad can reveal that the new owners of the Stags are a group of local businessmen and NOT Glapwell FC owner, dentist Dr Colin Hancock, as had been expected.
Former club sponsors Andy Perry and Andy Saunders, together with Steve Middleton, have taken control at Field Mill after a takeover was announced on Thursday evening.
The sale follows the collapse of several previous takeovers by the Derry consortium last season.
Saunders is a high profile figure in supporters groups Stags Supporters Association (SSA) and the recently formed Stags Fans United (SFU) - positions he will now, no doubt, have to relinquish.
Middleton (49) is a new name to Stags fans, but has been a Mansfield fan since 1969. He is from Mansfield and has an electrical business in Newark.
It is expected that all three will take a hands-on role in the day-to-day running of the club.
All three - Andy Perry is from former shirt sponsors Perry Electrical and Andrew Saunders from ASIS, Andrews Saunders Insurance Services, which sponsored the Quarry Lane end stand at the 'new' Field Mill - are expected to attend a press conference at Field Mill at 2pm on Friday and have said they will not comment further until then.
However, Saunders did tell Chad on Thursday evening: "I am delighted that the sale has gone through."
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A statement was released by solicitors on Thursday evening saying said that a legally binding agreement had been entered into between the trio and Mansfield Town FC owner Keith Haslam for the sale of the club.
The statement from John Wilford, of Elliot Mather Solicitors, said: "We are pleased to announce that we have been advising a consortium of local businessmen in respect of the purchase of Mansfield Town FC.
"We can confirm that we have entered into a legally binding agreement to purchase the club."
The news finally ends Haslam's controversial 15-year tenure of the Stags and he confirmed the news to 103.2's Tony Delahunty on Thursday evening.
The new owners - who have bought the football club and will rent Field Mill over a 10-year lease (thought to include a get-out clause at some point) - have been in direct negotiations with Mr Haslam in recent weeks.
It is unlikely that financial details of the deal will be released. However, it is thought the consortium will have bought Haslam's majority shareholding for £1 and it is known that the rent will be substantially less than the £175,000 figure first quoted when the Derry consortium failed to achieve a takeover earlier this year.
The group's hopes of a takeover appeared to have been scuppered 10 days ago when it was announced that Dr Hancock and the club had agreed a deal.
- Manager Holland is in the dark
He had been in takeover talks for several weeks, backed by Stags chief executive Stephen Booth - brought to Field Mill before Christmas to broker a sale - and chairman mayor Tony Egginton.
That deal would have seen Keith Haslam sell both the club and Field Mill - though on Thursday evening Egginton revealed that the option to purchase the ground would only have come after three years.
The lengthy sale negotiations have hampered the club´s plans to fight back from last season´s first ever relegation from the Football League, with manager Paul Holland still unsure of his position and with just a handful of players signed on for the Blue Square Premier campaign ahead.
The takeover cannot be confirmed until the shareholders formally back the sale of MTFC. But as Keith Haslam's company Stags Ltd owns the majority shareholding in the football club, the annual meeting - or even an Extraordinary General Meeting - is just a formality.
The news must mean the end for chief executive Stephen Booth - brought to the club to broker a sale but who has played no role in this deal.
Non executive chairman Tony Egginton, Mansfield's mayor who took over the figurehead role to enable the club to complete its end of season fixtures when safety certificate holder James Derry left, is also expected to step down.
It is not known if the new owners will offer manager Paul Holland a contract for the new season, or opt for a more experienced boss.
Holland gained his first manager's role towards the end of last season following Billy Dearden's departure - when former Stags midfielder and Derby County coach Billy McEwan had been strongly linked with the job.
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