The Toronto Argonauts have finally found new ownership.

Bell Canada and the Kilmer Group, led by Maple Leaf Sports & Entertainment, announced on Wednesday an agreement to purchase the club from David Braley. Terms of the deal were not released, but the purchase is expected to be completed by December 31, 2015.

“Bell is proud to welcome the storied Argonauts club to our team," said Bell president and CEO, George Cope in a statement. "The Argos and the entire CFL are key to Bell Media’s unbeatable array of sports content available to fans across broadband mobile, TV and Internet platforms. Bell has made the industry-leading network and content investments required to deliver the best sports action across every screen consumers may choose. We look forward to cheering on the Double Blue as the 2015 CFL season begins next month on TSN and RDS.”

As part of the purchase, the team will relocate from the Rogers Centre to BMO Field, home of MLSE's Toronto FC, for the 2016 season, a year ahead of their scheduled move. The team was informed in 2013 by Rogers Communications, owners of the Toronto Blue Jays, that the team must vacate the stadium by 2017 ahead of the installation of real grass into the facility.

“The Argos are an important team for this great city and a crucial component in the ongoing success of the Canadian Football League," said Tanenbaum. "We’re delighted to invest in the most successful Canadian pro football team of all time, and look forward to seeing the Boatmen play at beautiful BMO Field next year."

The newly refurbished BMO Field was opened early this month in time for TFC's home opener. TSN's Dave Naylor reported on Tuesday that the deal includes the Argos hosting two Grey Cups, including the 2016 edition. It has yet to be determined where those will be played.

This marks the second time this decade that the Argonauts have changed ownership. Braley, who still retains ownership of the BC Lions, purchased the team in February of 2010 from Toronto businessmen David Cynamon and Howard Sokolowski.

“The Argos could not have found better new owners than Larry Tanenbaum and Bell, who are dedicated to bringing the best of sports to Canadian fans everywhere in innovative ways," Braley said in a statement. "We welcome them as an important new part of Canada’s national football game."

CFL commissioner Jeffrey Orridge also expressed his delight in the sale.

“This is wonderful news for the city of Toronto and one of our most venerable franchises, and with the Toronto Argonauts moving to a renovated BMO Field in 2016, it is the start of a bold new era for our league in Canada’s biggest market," he said in a statement.

Before the sale is completed, there is the matter of the 2015 season. The Argos will open training camp on May 31 ahead of their first preseason game on June 9 against the Winnipeg Blue Bombers at Varsity Stadium. The Argos open their regular season schedule on June 27, hosting the Edmonton Eskimos in Fort McMurray, Alberta. Their first game back in Toronto is in Week 7 on August 8, when the team welcomes the Saskatchewan Roughriders.