Hatters set to exit administration

LTFC2020 are confirmed as the club's new owners

Hatters fans were finally given the news they have been waiting for today - Luton are set to come out of administration.

The Football League have today confirmed that they have approved LTFC2020's application to become the new custodians of the club.

After LTFC2020 accepted the Football League's conditions of entry the transfer of the share in the Football League has taken place and LTFC2020 are now officially the new custodians of the Club.

This transfer of the Club's share in the Football League means that Luton Town FC now possesses the licence to play professional football in League Two from August 9 and paves the way for the Club to exit administration on the 31st July 2008.

Gary Sweet, managing director of LTFC2020 said: "We are delighted that we can now move on and look to rebuilding the Club and ensuring survival in the professional leagues.

"The entire 2020 team have been working tirelessly since last autumn to save this great club and have shown to the football world that our blueprint to stabilise our Club has the official rubber stamp of all the footballing authorities which this recognises the effort and quality that has gone into our bid."

For the full story see Wednesday's News/Gazette.