Bradford Bulls' future remained in the balance as the deadline neared for the administrator to find a buyer.
The consortium of Asian businessmen seeking to buy the ailing Super League club met the Rugby Football League on Tuesday afternoon in an attempt to obtain more details before deciding whether to formalise a bid ahead of the midnight cut-off point.
A representative of the group, accompanied by a lawyer and administrator Brendan Guilfoyle, held talks with RFL chief operating officer Ralph Rimmer and director of licensing Blake Solly at the League's Red Hall headquarters on the outskirts of Leeds.
It is thought they were seeking assurances that the club would be allowed to continue in Super League as well as ironing out details of the rent for Odsal Stadium, which is now owned by the governing body.
By going into administration, Bradford automatically forfeit their membership of the RFL and, therefore, their place in Super League.
The RFL's board of directors, who are expected to decide on the club's points deduction when they meet tomorrow, have the power to reinstate the club's membership but the top-flight clubs have a say on any transfer of their three-year Super League licence.
With a push to reduce the size of Super League to 13 clubs, Bradford could yet find themselves playing in the Championship in 2013.
More immediately, the battle is on the secure the club's future to the end of the current season.
Guilfoyle, who made savings of around £45,000 at the start of last week by making 16 full-time members of staff redundant, said he was hopeful of a positive outcome to two days of talks with the group of businessmen.
Bradford's interim chief executive Gary Tasker, who is working on a voluntary basis, said the talks went on until late into the night.
"The group have shown genuine interest in taking the club forward and we are cautiously optimistic regarding the outcome of these discussions," he said.
Tasker also met head coach Mick Potter to update him on the latest situation.
Potter was among those who lost their jobs in the major cull but returned without pay to mastermind the Bulls' 44-12 win over London Broncos last Sunday, a third successive victory which rekindled memories of the club's glory days.
Bradford were the success story in the early days of Super League but went into a steady decline after reaching the last of five consecutive Grand Finals in 2005.
Debts gradually increased in the face of falling income and, with the bank slashing the club's overdraft, they went into administration a fortnight ago after directors failed to secure the £1.2million worth of funding needed to see the club through to the end of the season.
Guilfoyle made around £45,000 in savings with his raft of redundancies but is now faced with having to find more than £200,000 to fund the players' wage bill which is due at the end of this week.
Tasker is hoping the administrator will extend his deadline and Guilfoyle suggested that could be an option.
"I'm meeting my risk panel later today," he added.
"There is no offer but I'm seriously engaged.
"I can see light at the end of the tunnel but that light can still be turned out. The closer it gets, the harder it gets."