Taranaki has switched sides and joined the Chiefs.
Along with with a group of provincial unions and private investors the Taranaki Rugby Football Union (TRFU) has been granted a seven year licence by New Zealand Rugby to run the Chiefs.
The announcement spells the end of the Taranaki's 17 year association with the Hurricanes.
The new deal means Taranaki will host two competition games at Yarrow Stadium in 2014 and 2015.
The Chiefs are set to play their first game at Yarrow Stadium against the Blues on May 9 next year and will return three weeks later to take on the Waratahs on May 31.
At least one game a year will be a Category A game (Chiefs vs another New Zealand team) with the other game being a Category B fixture (Chiefs vs a South African or Australian team)
Waikato Stadium will continue to host a minimum of five games a year and after 2015 the games will be dealt out year by year.
The newly formed Chiefs organisation will be known as Chiefs Rugby Club Limited Partnership (CRC) and Counties Manukau, Waikato, Thames Valley, Bay of Plenty, King Country and Taranaki provincial unions have poured $3.3 million into it.
TRFU chairman Lindsay Thomson said Taranaki Rugby was excited about the deal.
"This gives an opportunity to the Taranaki rugby public to be able to watch regular Investec Super Rugby games at Yarrow Stadium, in what is the best professional rugby competition in the world."
- Taranaki Daily News
Is this the best summer ever?Related story: Wellington sizzles in January heat