Wasps have confirmed that a consortium has taken full ownership of the Aviva Premiership club.
The group, driven by former Wasps flanker Ken Moss, had been in talks for several months to take charge at Adams Park. Contracts were recently exchanged, with the consortium purchasing shares held by previous Wasps owner Steve Hayes.
Wasps say they will continue to play at Adams Park in Wycombe "for the foreseeable future", but added that the new owners had placed a "long-term priority" on developing a new stadium.
The majority of Wasps' office staff will be based at their Twyford Avenue training ground in Acton, with a new board of directors to be appointed shortly.
Former Wasps captain Mark Rigby will remain in his current role of club chairman, while David Thorne has already started work as the club's new chief executive.