Gateshead FC agree takeover deal with billionaire investor Michael Flacks

Gateshead FC have agreed a deal in principle for a takeover by the US-based private investment firm Flacks Group. This acquisition, led by billionaire investor Michael Flacks, follows a period of crisis for the National League club. The instability was triggered by the departure of Mark Nellist, who previously served as the team's key financial backer. The agreement marks a significant shift in ownership as the club secures new investment from the American billionaire.