The ownership of the Bulls appeared to be heading for a positive resolution tonight after the club announced that a deal had been struck in principle after crunch talks earlier today.
Lengthy negotiations took place between owner Omar Khan, director Ian Watt and former chairman Mark Moore, RFL bosses and various legal representatives at the Provident Stadium this afternoon.
The meeting resulted in the Bulls issuing a statement announcing that an agreement had been reached and that Watt and fellow director Andrew Calvert would continue to run the club with assistance from Moore.
The statement said: “Bradford Bulls can tonight confirm that an agreement regarding the club's ownership has, in principle, been reached.
“A meeting between all parties concerned, including current and former directors, along with representatives of the Rugby Football League, was staged at Odsal earlier today.
“And details of its outcome are to be finalised in due course, allowing the Bulls to continue to be directed by Ian Watt and Andrew Calvert.
“Former chairman Mark Moore is to continue to work as part of the club for the benefit of supporters, staff and partners.
“The club will be making no further comment at this time.”