Former Sheffield Wednesday chairman Dave Allen has become the new majority shareholder at League Two Chesterfield.
The Football League has given Allen the go-ahead to invest in the ambitious Spireites, who are close to naming a new manager and plan to move to a new stadium next year.
"I am really looking forward to an exciting future for everyone involved with Chesterfield Football Club as I see this club at the heart of the community with serious ambitions for Championship football within three to five years," said Allen.
He added: "Next week we expect to announce the name of our new manager, while off the field I am eager to move ahead with the new stadium in readiness for the 2010/11 season."
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