In what is a joint partnership, the majority stakeholder in the NRL franchise will be the Carlaw Heritage Trust, which is an arm of the Auckland Rugby League.
An Auckland business with a long-standing history of supporting rugby league, Autex Industries, has partnered with the Trust in the purchase.
Trust and Auckland Rugby League chairperson Cameron McGregor said they are clear in their immediate primary focus.
"We're here for the long term and we want to bring stability to the club.
