The Blues have announced a new partnership with a private investment company to run the franchise for the next seven years.
Bolton Equities, a private investment company run by Murray Bolton, will have a 40 per cent share of the deal which will see the Blues operate from September 1 under a new board chaired by Tony Carter, who is the current chairman of Fisher and Paykel Healthcare.
"We are very pleased to secure this new arrangement in our biggest city," NZRU chief executive Steve Tew said.
"This will ensure rugby at the professional level can keep thriving in a region where it faces stiff competition for sport fans' attention.
"The Blues are tracking well this year, but we all know one good season is not enough to sustain the game long term. This new arrangement is therefore a step forward in terms of building a stronger foundation for Investec Super Rugby in Auckland.