FORAS members have voted overwhelmingly in favour of the takeover.
Dermot Usher, a businessman based in Straffan, has completed the takeover of Cork City Football Club.
Usher has made his fortune by leading bathroom business Sonas for over 30 years, originally founded by his father and whose annual turnover was €40 million last year.
He left the company last year but remains on the Board of Directors.
"The FORAS Board can confirm that the proposed motion for Mr Dermot Usher to assume control of Cork City FC has passed following a majority vote in favour at today's Special General Meeting. The takeover is now subject to approval from the FAI and the completion of legal documentation. We will provide further updates in due course,” said FORAS Trust in a statement on Sunday evening.
Mr Usher spoke to Kfm on this morning's Kildare Today show.
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