[themaclad]

Scunthorpe United have exchanged contracts with former owner Peter Swann to buy back their Glanford Park home.

Former board member Michelle Harness took over the National League North side last month after David Hilton, who bought the club from Swann in January, withdrew all funding.

There was some uncertainty over where the Iron would play their home matches before a deal was agreed with Swann.

They hope to have the deal for the ground complete by the end of November.

"As a board of directors, we are ecstatic to announce that we have exchanged contracts for the purchase of Glanford Park," the club said in a statement.

"The monumental effort from all involved, both in this process, and to keep the club running on a day-to-day basis, has not gone unnoticed, and we express our unwavering gratitude for the support which has been a driving force behind these positive outcomes."

Scunthorpe, who have suffered successive relegations in the past two seasons, are third in the sixth tier, one point off league leaders Tamworth.