Gloucester have confirmed that Martin St Quinton is the new 100 percent owner of the club with immediate effect.
The announcement, which comes with the club still in the hunt for a top six finish in the Aviva Premiership and in the quarter-finals in its defence of the Challenge Cup, brings to an end a period of uncertainty.
The news that Mr St Quinton, previously the club's Vice-Chairman, has increased his shareholding to assume overall control of the club, will ensure welcome continuity in terms of the management of the club.
Mr St Quinton, who first acquired a 25 percent share in the club in October 2008 before subsequently increasing his shareholding, has purchased all the shares held by the Walkinshaw family and now has sole ownership of the club.
The announcement follows the news in 2015 that the Kingsholm based club were seeking additional investment.
A successful businessman in the fields of office equipment and mobile communications, Mr St Quinton has served as Vice-Chairman of Gloucester since 2008 but will now assume the role of Chairman.
In addition to his involvement with the club, Mr St Quinton was Chairman of the Fundraising Group that raised £50m for Cheltenham Racecourse's recent redevelopment.
Speaking today at Kingsholm, Mr St Quinton commented: "I think it's fair to say that the club wouldn't be where it is today were it not for the involvement of the Walkinshaw family, firstly Tom who took over the club back in 1997 and also Ryan who took over from his father in late 2010.
"Were it not for their commitment, vision, business acumen and, of course, their love of rugby, then the Gloucester story may have taken a completely different turn. On behalf of everyone connected with the club, I'd like to extend my thanks to the whole Walkinshaw family for their contribution.
"I now believe that we are on the verge of an exciting new era for the club.
"Gloucester is a club that is moving in the right direction. We are in the privileged position of owning our own ground, have magnificent training facilities, our coaching set up and playing squad are both first class and we have the best supporters in the country.
"The challenge now is for us to realise our undoubted potential and regain our position at the forefront of the club game, and I'll be working very closely with Stephen Vaughan and David Humphreys to ensure that Gloucester achieves that goal.
"A lot of hard work lies ahead, but I can assure Gloucester supporters that we will be doing everything in our power to deliver a team and a club that we can all be proud of.”