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Truro City Football Club sold to local businessmen Pete Masters and Philip Perryman

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Truro City Football Club has finally been sold after months of uncertainty.Local businessmen have stepped in to buy the club and are now hoping for "a new start".The club went into administration in September following the bankruptcy of former chairman, Kevin Heaney.Pete Masters from L2 nightclub and Philip Perryman from A2B Taxis are the owners of a new company – Truro City Football Club 2012.Kate Breese from administrators Walsh Taylor said: "There have been a number of particularly complex issues surrounding the sale of the club, including issues over the ground at Treyew Road and due diligence relating to the club, but we have now resolved these matters so that a sale could complete.Ms Breese thanked all involved in making the deal possible and said credit was due to the players, staff and, in particular, manager Lee Hodges for sticking with the club through a difficult time. She also paid tribute to the people of Truro for the "warm culture" experienced in the city."The players and staff have had a lot of uncertainty over recent history and I hope that the support that they have shown for the club will now pay off for them now that the club has been sold," she said.Although a sale has now completed, the company voluntary arrangement (CVA) that is required to be passed in order to ensure that the club can exit administration in accordance with The Football Conference Rules has not yet been issued.  Ms Breese said she hoped this would soon be achieved and with the right results on the pitch the club could stay in the Football Conference.Masters and Perryman previously lodged a £50,000 bond with the Football Conference which stopped the club being thrown out of the league.Mr Masters said: "It has been a long past few weeks but all of the efforts put in by everyone involved has been tireless and has culminated in the completion of the purchase of the club. "We can all now look forward as opposed to looking back trying to rectify the issues that the club has accumulated in the past.  This is our new start and we are excited for the club because the financial troubles that the club has had in the past can now be forgotten. "Mr Masters said there was still a lot of work to be done with the club's creditors in order to conclude the CVA and stay in the Conference.Ahead of the home game against maidenhead this afternoon he said: "We now have a fantastic opportunity of a home game just after completion to get a buzz back and three much needed points at Treyew Road so we hope that as many fans both old and new can join us for this new era for the club."

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