Darlington have finally exited administration after being handed their 'Golden Share' by the Football League.

The beleaguered Quakers have been hampered by financial troubles since February, and with hefty debts and weekly losses the club's future was in doubt for much of the summer.

However, local businessman Raj Singh's protracted takeover of the club has been ratified by the Football League and it means Colin Todd's side will avoid a points deduction.

"This is the culmination of lots of hard work and dedication and we're elated to finally cross the line," said Singh.

"We knew we'd get there in the end, but we also know this will still come as a relief to our staff and our long-suffering fans.

"We can now put it all firmly behind us and concentrate on doing the business for Darlington Football Club, on and off the pitch."

Darlington, who host Leeds in a Sky TV broadcast on Monday night, kick off the 2009-10 Coca-Cola League Two season away to Aldershot.