The National League has approved the takeover of turmoiled Morecambe, with the Shrimps cleared to start their season next weekend should the sale go through.
A group known as Panjab Warriors struck a deal to save the beleaguered Lancashire club, which was relegated from League Two last season.
Amid grave concerns over their existence, Morecambe had their first three matches postponed thanks to an inability to meet financial obligations.
However, National League officials say they have now given the green light to the takeover and that their suspension of the club will be lifted upon receipt of the sale and purchase agreement.
A transfer embargo will remain in place until HMRC and other creditors including staff and players have been paid.
The statement added: ‘It is the intention for Morecambe's first National League game to be on Saturday 23rd August at home v Altrincham FC.
'The National League would like to welcome the new owners and to thank everybody involved in helping to secure the future of the Club and reaching this point.’
An ongoing saga dominated the summer included Culture Secretary Lisa Nandy writing to Morecambe’s controversial owner Jason Whittingham, to urge him to sell.
In July it appeared there had been a breakthrough for the 105-year-old club, when Whittingham said he agreed terms with Panjab Warriors, although the takeover failed to materialise.
Both sides subsequently agreed to a mediation session last week. Morecambe had ceased operations in late July, following their suspension by the National League.