One of Carlisle United's divisional rivals have new owners.

Walsall have been the subject of a takeover from American investment firm Trivella Group LLC.

The group were founded by Benjamin Boycott and Kenneth Polk in 2021 and are said to have been in talks with the Saddlers for a year.

Trivella have initially purchased a 51 per cent stake of the club in what they describe as the first phase of their investment.

READ MORE: Midfielder believes Blues can push on next season

Then, within the next two years, they plan to purchase an additional 25 per cent while also bringing forward 'additional resources to allow the Club to execute the existing purchase option on Poundland Bescot Stadium and the surrounding property.'

Boycott will act as the club's co-chairman - alongside outgoing majority shareholder Leigh Plomlett.

“We are honored to become a part of the community of Walsall, and to play a part in the rich history of this Club,” said Boycott, speaking to the Saddlers' website.

“As investors, we are extremely drawn to the passion that this town has for the team, and extremely impressed with the work that management has done to build a sustainable Football Club.

READ MORE: The transfer trend that Carlisle United need to reverse

“We are here to learn, and we are here to support Leigh and the rest of the Executive leadership team with strategic vision and strategic capital.

"We look forward to working alongside the leadership team to support Michael Flynn, the staff, and players as we prepare for the 22-23 campaign and beyond.”

Co-investor Polk - who Walsall's official statement says advises on around $12billion of capital in his role as CEO of Arlington Family Offices - added: "At Arlington, we think multi-generationally with a focus on stewardship and a responsibility to others.

"Our founding principles and organisational structure are aligned to allow long term independence and continuity without the interference of external shareholders. This allows us to make investments with like-minded organisations and communities.

"This is the mindset that Ben and I have brought into the Trivela Group, and it is the mindset with which we plan to be a part of the story of Walsall Football Club.”

Plomlett, who sold his shares to the duo, said: "This partnership with Trivela Group ushers in a very positive chapter in the history of Walsall Football Club.

“Stefan Gamble and I have been in discussion with them for nearly 12 months, have visited with them in the United States, and believe that they are the right group with the right vision to help take the Club forward.

"The supporters will have the opportunity to see the impact of this partnership firsthand, as the Saddlers Club will be refurbished and reopened, and the Club will execute its purchase option and be reunited with the Poundland Bescot Stadium freehold.

"As both Chairman and a supporter, this is a very exciting day for Walsall Football Club.”

READ MORE: Carlisle United linked with double deal