The Rugby Football League and the joint administrators of Bradford Bulls have mutually agreed to resolve the Bulls’ affairs as swiftly as is possible.
Gary Pettit of PBC Business Recovery was appointed as one of the joint administrators on Monday, while the Bulls’ membership of the RFL had been terminated.
However a club statement on Friday said: “After further discussions, both Mr Pettit and the RFL have today agreed that they will continue to work constructively together. This is in order to achieve the swiftest and most effective outcome for all stakeholders – including staff, fans, sponsors, creditors and others.
Mr Pettit said: “I am pleased that we have secured an agreement to co-operate with the RFL. We fully acknowledge that the RFL have a duty to protect the wider interests of the game – including all of their member clubs.
“We look forward to working with the RFL to ensure that the Administration process is concluded as swiftly and as efficiently as is possible.”