Worcester Warriors chairman Bill Bolsover has stepped down after the owners of Morecambe joined the board.
Colin Goldring and Jason Whittingham have been confirmed as co-owners with Jed McCrory, who led a takeover of the Premiership club in October.
Financier Whittingham and lawyer Goldring took over the Lancashire-based League Two side in June.
“We would like to thank Bill for his contribution since he first joined the Board six years ago,” said Whittingham.
“His help over the last two months has been invaluable and has ensured a smooth handover. Bill will always be a welcome visitor to Sixways,” he added in a statement.