Carlisle United have confirmed that a team including chief executive David Allen has taken full control of the club from director Fred Story.
Football director Steven Pattison is handed responsibility for the school of excellence and youth development.
Andrew Jenkins retains his position as chairman and John Nixon will continue in the role of managing director.
Thirty four shares will remain in the hands of the Carlisle United Trust to be represented by Norman Steele.
Story will remain a major sponsor of the club, but no longer retains the post of director.
Fans have been warned not to expect too many changes in the way the club is run, and chief executive Allen believes the new team has inherited a stable club with potential to grow.
"I think we're able to build on the business model that Fred Story started," Allen told BBC Radio Cumbria.
"We've got the same aims to go forward which are to improve."
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