Cork City Football Club have announced they have formally accepted a takeover bid from Mr Dermot Usher to purchase the club in its 'entirety'.
The club have been working through a period of due diligence but that has been completed and the acceptance of the offer is now subject to the approval of the shareholders of the Friends of the Rebel Army (FORAS) Society.
They will hold a vote at Special General Meeting on Sunday, December 4 with a simple majority in favour needed for the vote to pass with the Cork City board not considering any additional approaches in the meantime.