The ARL Commission (ARLC) is confident of continuing to have a much-needed presence on the Gold Coast, with the struggling Titans granted a new seven-year NRL licence after meeting a series of strict financial guarantees.
Rugby league has a very-chequered history on the Gold Coast, and that continued as the Titans were plunged into a financial crisis under former chief executive Michael Searle that threatened the club's future.
But those dramas have been settled to the satisfaction of the game's governing body and the Titans have been granted a new licence for the 2013 season and beyond.
"We have always said that it was really very important for the game that we maintained a presence on the Gold Coast and we have committed absolutely to that," ARLC interim chief executive Shane Mattiske said.
"It is a strong rugby league region and we are really pleased to ensure that the right measures have been been put in place and the club has responded to those measures moving forward."
Titans' boss David May said the club had opened their books to the ARLC and the Commission was happy with their plans and cash flow moving forward.
"We have provided the club with a fresh start and a clean slate," he said.
"It's an opportunity to look forward and not back and we are grateful for the opportunity to focus on the future.
"It's been a difficult process and taken longer than I expected.
"There has been a lot of discussion and a lot of scrutiny as everyone would expect."
ARLC Chairman John Grant welcomed the granting of the licence as vital for the development of rugby league on the Gold Coast.
"It has come about after months of negotiation and thanks to a number of parties who have acted in the best interests of the Titans and rugby league on the Coast," he said in a statement.
"From the Commission's perspective, we have secured an outcome that ensures a stable club is in place with an independent governance structure.
"The players, members and fans of the Titans have showed tremendous support for the club in trying circumstances this year and I think that they can look forward to next year with a great deal of confidence."
Last Modified on 16/11/2012 11:38