Super League: Bradford Bulls reach an agreement in principle regarding ownership
Super League club Bradford Bulls have confirmed an agreement regarding their ownership has been reached in principle.
Last Updated: 10/01/14 9:13am
The Bulls have been parked in a state of confusion for the last month after the transition from owner Omar Khan to a new three-man group of Andrew Calvert, Mark Moore and Ian Watt failed to happen.
The trio stepped down from their positions on Christmas Eve citing issues with Khan, claiming the man who rescued Bradford from the mire in 2012 had not kept his side of the bargain.
The three men returned to lead the club on December 30 but on Thursday Bradford said that just Calvert and Watt would direct the Odsal outfit, with Moore there only for the benefit of the club and its fans.
A statement said: "A meeting between all parties concerned, including current and former directors, along with representatives of the Rugby Football League, was staged at Bulls' Provident Stadium home earlier on Thursday.
Details to be finalised
"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."
Calvert, Moore and Watt moved in at Bradford in September, with Ryan Whitcut initially part of their group before stepping down.
They claimed at the end of 2013 to have found holes in the club's finances to the tune of £400,000, and since then a restructuring of staff has taken place.
This week Frank Winterstein opted out of his one-year deal with the club, with coach Francis Cummins admitting that financial uncertainty had been a factor.
The four-time Super League champions first hit financial trouble in 2012 when they were placed into administration. The old company was eventually liquidated with Khan's group, 'OK Bulls', born out of the ashes.