The Chiefs are close to signing a deal which will keep Waikato Stadium as its home ground, although its administration base and training fields will be relocated.
Chiefs chief executive Gary Dawson said that after almost six months of negotiations between the franchise and Hamilton City Council over rental of the stadium, only a few minor details remained to be sorted out in the new venue-only rental agreement.
Both parties expected a deal to be signed before the end of this month and said all the financial details had been agreed in principle.
The Chiefs had previously held a sub-lease agreement with the Waikato Rugby Union, which had, until this year, held the sole heads of agreement for the stadium for 30 years. But separate negotiations were entered into after it was revealed the union had struggled to make rent payments and when at its lowest point was almost $1 million in arrears.
However, Mr Dawson confirmed the Chiefs would be moving their training fields and administration offices in or near Hamilton and was in the early stages of finding a new spot. The franchise trains at Beetham Park and shares an office with the Waikato Rugby Union opposite the stadium on Willoughby St.