The Dunedin City Council is the new owner of Carisbrook, having finalised the deal to buy the ground from the Otago Rugby Football Union.

The final sale price will not be made public until after figures are presented to a closed part of next Monday's full council meeting, the Otago Daily Times reported.

Mayor Peter Chin confirmed the paperwork had been signed but declined to release further details.

The ground is understood to be worth about $7 million.