The Rugby Football League have rejected the offer made by the business consortium that wished to buy Bradford Bulls.
The consortium made an offer to the administrators to purchase the club, but the RFL have rejected the offer following it’s submission on Tuesday.
An RFL statement read: “The RFL has today informed the business consortium which has tabled an offer to the administrator of Bradford Bulls that the conditions attached to their proposal to acquire the club are unacceptable.
“The offer was submitted in writing on Tuesday but after careful consideration the RFL Board of Directors has deemed its conditional nature to be unreasonable and unrealistic.
“Details of a further offer for Bradford Bulls are currently being assessed by the RFL, which will continue to work with the administrator to help find new owners for the club.”
It is believed that the consortium wanted the lease for Odsal Stadium which is held by the RFL, and guarantee the future of the club in Super League.