Eric Watson has become the sole owner of the Warriors rugby league team after acquiring Sir Owen Glenn's 50 per cent shareholding in the club.
The two men aret hough to have fallen out over the club's governance when Matt Elliott was sacked as head coach in April 2014.
Sir Owen said he would continue to be a strong supporter of the Warriors and is hopeful of an improved performance in the 2016 National Rugby League season.
The Auckland based club finished 13th of 16 teams in 2015.
Watson said he is fully focused on the club's future and is excited about what lies ahead for the franchise next season and in the years to come.
"The signings we have made this year have enhanced our squad helping us to put together a group of players we believe can take the Warriors to the heights we expect," he said.
Terms of the agreement are to remain confidential to the parties.
The Warriors have signed the Kiwis hooker Isaac Luke from South Sydney for 2016 along with the Kiwis and Sydney Roosters fullback Roger Tuivasa-Sheck.