The news that Gillingham fans have been waiting for has finally happened with the takeover by American Brad Galinson completed.

A statement from the club reads:

“Gillingham Football Club, after a long, collaborative due diligence process, can today confirm that Brad Galinson has acquired a majority shareholding in GFC Holdings and Gillingham Football Club Ltd.

As a result, Brad Galinson will become the majority shareholder, with Paul Scally retaining a minority shareholding.

Brad Galinson said: “Myself and my family are absolutely delighted to have completed the acquisition of Gillingham Football Club.”

“It is a club with a rich heritage and a passionate, loyal fan base. Paul Scally has done an excellent job over the last 27 years and we hope with our involvement the club will move forward.”

“A bright future with, hopefully, more goals and a lucrative transfer window are on the horizon.”

Paul Scally added: “This is a monumental, exciting and historical time in our club’s long history.”

“Brad and his family will be arriving into the UK in early January and I’m sure will be looking forward to meeting as many of you as possible.”

“He has become not only a partner but I have grown to consider him a friend.”

The news will be largely welcomed by the Gillingham fanbase who have been calling for a change in regime for some time.

Having a billionaire owner is sure to lead to more success on and off the pitch and Gillingham fans will be looking forward to life under Galinson.

His first official game as owner will be as Gillingham take on Colchester United at Priestfield on Boxing Day, but Galinson will be at his first game in the New Year.