Hartlepool United can confirm that it was able to complete and finalise a loan agreement with Hartlepool Borough Council today to be able to pay March wages.
The Club would like to place on record its sincere thanks to Hartlepool Borough Council for their ongoing support.
There is a significant amount of work that has been undertaken to achieve the loan agreement and the Club appreciates the time and energy put in by a number of senior officers of the council.
The council have been a great support to the Club and, without their backing and the fundraising efforts of the fans, we would not have been able to remain trading to enable a takeover to happen.
There is steady progress being made on the finer legal details for the takeover and it is anticipated the legal process will be complete early next week, with football approval to follow.