Stoke City chairman John Coates has become the "outright" owner of the Championship club following a demerger implemented by bet365.
As a result of what is described as a "structural change", the club say they are now debt free and also own their stadium and training ground.
The Coates family, initially through John's father Peter, first became majority shareholders in the 1980s and did so again in 2006 when their bet365 group bought the club back from an Icelandic consortium.
Now, Stoke City Holdings Limited, which holds a 98.1% stake in the club and owns Stoke City (Property) Limited in its entirety, has been demerged from bet365.