"Obviously today is a very emotional day for everyone involved with Lincoln City and Scunthorpe United," said Taylor speaking to a group of reporters outside his offices this morning.
"This is a drastic measure, but these two club's merging their identities is far preferable to the two club's going out of business. I applaud this initiative, it will keep Lincolnshire football fans with a team to support for years to come.
"After all, what will the six thousand people who religously watch the two sides do every other Saturday? Go and watch Grimsby Town?
"I hope that other club's in such difficulties consider this step, Bury and stockport for instance are both in dire straits.
"Scunthorpe are due to play Rushden and Diamonds this Saturday coming, a lot can be learned from the success this new side has enjoyed."
We want your views on this historic deal, email us with them at merger@iron-bru.net now!