The first task facing the owners of the new Bradford rugby league club will be to appoint a head coach to replace Australian Rohan Smith.
Andrew Chalmers, one-time chairman of New Zealand Rugby League, and former Wigan and Kiwis coach Graham Lowe, got the go-ahead from the Rugby Football League to form a new club and met a 25-strong group of players, interim management and coaching staff after flying into the country on Tuesday.
The pair held another meeting 24 hours later with the 35-year-old Smith after which Chalmers said: "There were various points that both parties disagreed on and it was decided that both the club and the former coach of Bradford Bulls would not move forward together."
Smith, who joined Bradford on a three-year contract last May, had indicated his desire to stay on as coach after wholesale player departures but hinted at his departure on Twitter.
"Thanks @BfdBullsSG @BullsTrust @OfficialBullsRL fans for everything," he posted. "The club has been special since I was 14 & that won't change."