Hull FC have entered a period of exclusivity for a new takeover led by local businessmen Andrew Thirkill and David Hood, the rugby league club have announced.
Once complete, the takeover will see Thirkill replace Adam Pearson as the Super League outfit’s new Chairman.
Thirkill had previously served as Club President Leeds Rhinos from 2018 until last month.
The new owners, who reportedly have a combined wealth of around £500m, will take full ownership of the Black and Whites.
The change in ownership comes after Hull FC finished second from bottom in the Super League last season on just six points.
A statement said from Adam Pearson said, ‘The new owners have committed to provide sufficient funding to allow the club to regain its Grade A status, and provide the club with a new management structure and team to improve its ranking in that grade.
‘After thirteen years of ownership, it has been critically important to me to transfer the club into the right hands, and this event certainly ticks all those boxes.
He continued, ‘This change of ownership heralds a bright future for Hull FC. We need all of our supporters to rally together to restore unity and pride in our famous club.’
Subscribe to the Sport Industry Daily for regular updates on the biggest stories and latest news in the sport industry.