Peter Hood says his departure as Bradford Bulls Chairman is to pave the way for new investors who have held talks with the club's largest shareholder, Chris Caisley.
"Chris has indicated to me and also to Club CEO Ryan Duckett that he has investors waiting in the wings who are ready, willing and able to get on board, but apparently they are not prepared to do so under the present regime. Andrew Bennett and I have concluded that the interests of Bradford Bulls and its players, coaches and staff are best served by us making way for Mr Caisley and his cohort now, rather than awaiting an EGM at which we are bound to be out-voted".
More top news
Police have released CCTV of a woman they 'desperately' want to speak who may have seen an assault which left a man with a broken skull.
Critics of police action at Orgreave have called on the interim chief constable of South Yorkshire Police to open up the force's archives.
A mum has told how she shielded her young son from raining bullets as a gunman opened fire at a fellow bus passenger in broad daylight.