Argyle fans have been told that Bishop International have secured the funding to buy the club.

It's understood the paperwork to complete the deal will now be finalised over the weekend.

In a statement the administrator has said he looks forward to the club obtaining its share from the football league.

But the fans' trust has urged fans not to celebrate too soon until the deal is finally signed.

The football league also still hasn't ratified the deal.

200 fans gathered at Home Park this afternoon to hear from acting chairman Peter Ridsdale, who read a short statement from the administrator.

It reads:

''The joint administrators of Plymouth Argyle Football Company Limited (in administration) are satisfied that Bishop International Limited has secured the necessary funding and everything is agreed between the numerous parties. Solicitors are now working to finalise the documentation and complete the sale to Bishop International Limited / Plymouth Argyle (125) Limited.

Brendan Guilfoyle said: “This has been a complex deal involving a dozen stakeholders. I am very grateful for the assistance I have received from everyone involved in the sale. I can now look forward to the new club obtaining the share from the Football League and retaining their status as a Football League member club”