Investors have stumped up $4 million as part of their deal to run the Blues for the next seven years.
They will begin their official work on September 1 but details on their vision, other than to make the Blues the best Super 15 franchise, remain problematic.
Bolton Equities, a private investment company run by Murray Bolton, has a 40 per cent stake and Rugby Holdings Ltd (Auckland 65 per cent, North Harbour 29 per cent and Northland 6 per cent) will hold a 60 per cent share.
"I am not altruistic, I am here because I think this is a business opportunity," Bolton said. "I see this as a long-term commitment, I don't want to stop at seven years.
"Rugby as a professional sport is very much an infant around the world and whatever happens long term in professional rugby, I consider Auckland the capital of the world in terms of rugby.