The SFA have finally secured a £5million agreement to buy Hampden from Queen's Park.

The governing body will take ownership of Scotland's National Stadium after the Euro 2020 finals.

The deal comes with financial assistance from two of Scotland's wealthiest businessmen, Lord Willie Haughey and Sir Tom Hunter and follows countless missed deadlines and growing impatience on the SFA board with the haggling and protracted negotiations.

Sportsmail can reveal that the Scottish FA have finalised a £5m deal to buy Hampden Park

Plans to exchange contracts in December stalled after Glasgow City Council declined to waive a floating charge over the stadium unless they had some say in its future running. Keen to preserve the National Stadium's survival for Glasgow, the council recently relented.

Legal issues saw negotiations continue to drag on, however, one of many late hurdles coming when Queen's Park sought assurances over the lease of a car park needed to gain for the redevelopment of their new home at Lesser Hampden.

Granting a final deadline to the amateurs, an SFA statement on Wednesday night described the agreement as a 'game changer.'

SFA President Rod Petrie led negotiations and said: 'Given the hard work from everyone since the agreement of last September I am pleased we now have a legal contract with one of our member clubs for the good of Scottish football.

Legal issues delayed the deal but it will be confirmed later in the day that it has all been agreed

'The real work begins now to ensure Hampden Park can continue to serve the needs of the game and be an inspirational home for Scottish football in the future. We can build on the short-term work currently undertaken to make Hampden Park, Glasgow and Scotland a memorable Host City Venue for the forthcoming UEFA EURO 2020 finals.'

Describing the decision to hand over the stadium they've occupied on its current site since 1903 as a 'sad day' Queen's Park described it as a 'sad day.'

The League Two club will now press ahead with planning permission for a redeveloped Lesser Hampden after securing an agreement with the SFA to keep playing games at the National Stadium until the new stadium is ready.

'Whilst it is a sad day for the club as proud owners of the National Stadium, the conclusion of these protracted discussions and negotiations, will allow the club to fully focus on building our future at an upgraded Lesser Hampden,' said a Queen's Park statement.

'We must now look forward to ensure we remain a vibrant and competitive football club within Scottish football. To this end we will be shortly commencing works, on what is presently known as Lesser Hampden, to convert it into a Licensed Ground for our competitive matches.'