Chairman Ian Roberts and co-owner Geoff Moss, who voluntarily put the Wrexham-based club into administration on November 12 in an attempt to rid it of much of the debt they inherited from previous owner Leighton Samuel, have now paid an undisclosed amount to regain control.
Peter O'Hara and Simon Weir, the joint administrators who have now rescued no fewer than seven rugby league clubs in the past decade, issued a statement about the resolution of the deal.
"Both Peter O'Hara and Simon Weir wish the club all the very best for the future and feel reasonably confident that the club will move forward on a sound financial footing and that the public of north Wales will support the club going forward," said the statement.
The new company will operate under the trading name of W Crusaders Limited.
Meanwhile, the club, formerly known as Celtic Crusaders, was re-admitted to the Rugby Football League earlier this month after the owners met the requirements of the governing body.
However, they will start the new season on minus four points after breaching insolvency rules.
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