Bradford Bulls are finally under the ownership of the club's board of directors.
An agreement was reached in early January for former owner Omar Khan to transfer his shareholding to the Bulls' current board.
That deal did not go through owing to "unforeseen circumstances", and early on Friday the impasse led to Khan's holding company being placed into administration.
The club was then bought by Bradford Bulls 2014 Ltd, a company run by those same directors, who insist the club's Super League status is secure.
Talks are now planned with the Rugby Football League as the Bulls aim to avoid a possible points deduction over the administration.
This course of action
An RFL spokesman said: "The club has kept us informed all along. It is disappointing that the agreement we reached on January 9 has not been implemented and that the club has been left with no alternative but to take this course of action.
"We will be meeting with the current management team early next week to listen to their plans and confirm the position of the club."
The new holding company's directors are Andrew Calvert, Mark Moore, Ian Watt and Robbie Hunter-Paul.
And an assurance has been given that all season tickets purchased under the 'BELONG' scheme will be honoured as the club "continues to operate as normal".
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