RUGBY Football League chief executive Ralph Rimmer has dismissed calls for an independent inquiry into Bradford's change of ownership, insisting the best outcome has been achieved.
Rimmer's predecessor Nigel Wood, who was involved in the RFL's decision to buy the Odsal lease from the Bulls in 2011, is now chief executive of the International Rugby League but part of a consortium that has taken control of the four-time Super League champions.
The change in ownership came after a series of financial crises over the last seven years that saw the 2006 World Club Champions playing in the third tier of the professional game.
They are now back in the Championship under former England coach John Kear and under new management but question marks still surround their past and present.
Accounts have revealed the club ran up around £1million of losses in the two years under previous owner Andrew Chalmers, who was handed control of the club by the RFL in 2017 while Wood was still in charge of day-to-day affairs at the governing body.
However, Rimmer ruled out holding an inquiry into the events at Odsal, saying: "We've got an independent board - that's what they're there for. What's the point of having an inquiry into an independent board?
"They're there to make decisions which are non-conflicting in the best interests of the sport. The independent board is there to govern and, if we have inquiries into them, where does it end? It could paralyse the sport completely."
Addressing the issue of handing control of the Bulls to Chalmers while Wood was at the helm of the RFL, Rimmer added: "A full board made that decision.
"Based on the information we had in 2017, we chose what we felt was the best bid to set up a new club in Bradford.
"We cannot deny some of the disappointment regarding Bradford but we think the very best outcome has been achieved. Creditors are protected, the club continues and there's no insolvency."
Rimmer says the rest of the clubs were this week updated on the latest situation and he expects Bradford to continue their resurgence, despite playing at Dewsbury next season.
The RFL still own the Odsal lease and estimate it will cost £130,000 to maintain the empty stadium in 2020, with the hope that the Bulls will return to play in Bradford in 2021.
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