Super League and its clubs have put together a bid to buy Bradford out of administration.
Chief executive Nigel Wood has tabled the offer after Super League clubs put together what they are describing as “an innovative rescue package”.
Wood said: “This saga has gone on for far too long and we are of the view that direct positive action is required to safeguard the future of Bradford Bulls.
“The club has been in administration for five weeks now and during that time not one single offer without strings attached has been submitted to the administrator.
“This situation is clearly unacceptable and raises the tangible prospect that we could lose one of our most famous clubs, which would be a tragedy of significant proportions, not just to the sport and the city of Bradford but to the remaining staff, players and volunteers who all deserve some stability after the turmoil of recent events.
“The time has come for strong and decisive leadership and this course of action, which is based on sound business principles, represents just that.
“Under the ownership of SLE, we can plot a course for Bradford Bulls which is in the best interests of the club, the competition and the wider game.
“If our offer is accepted, SLE will welcome approaches from all interested parties who have an interest in helping us secure a bright future for professional Rugby League in Bradford.”
Further details of how Bradford Bulls would operate under SLE ownership will be announced in due course following further dialogue with the club’s administrator.