The NRL has reportedly finalised the sale of the Newcastle Knights to the Wests Group.
The Daily Telegraph reports the paperwork was signed this afternoon, in a multi-million dollar deal.
Wests will commit $10 million to a new centre of excellence and inject cash into grassroots football in the Hunter.
There's been strong support from Knights fans for Wests to purchase their NRL club, after a lean couple of seasons in recent years.
Wests made a $23 million profit last year.