Khan, who rescued the West Yorkshire club from administration last September, will take a backseat in the day-to-day running of the business following the recent arrival of Bulls legend Robbie Hunter-Paul as deputy director.
With Roy Davison also being appointed as assistant director, the restaurateur accepts the time is right for him and fellow directors Simon Kenny and Vipin Joshi to let the RL-savvy duo get to work with Bradford’s general manager Ryan Whitcut.
“From purchasing the club just over 10 months ago, it’s been a massive eye-opener as we’ve encountered so many obstacles, while trying to solve numerous issues left behind by the previous regime including paying money out on numerous occasions to cover the costs,” explained Khan.
“All this clearing and taking care of problems has at times left me physically and mentally drained.
“However, all of these things are in the past now as I’m really excited seeing the new management team we’ve put in place to bring the good times back to the Provident Stadium.”
Khan, who saved the club with the help of honorary chairman Gerry Sutcliffe MP, said: “Robbie and Roy’s roles will be to oversee the day-to-day running of the club, including everything from marketing and media, to sponsorship and promotion.
“They have mine and Gerry’s full backing to make any decisions they see fit that will ultimately benefit and accelerate the progress of the club.
“What I want supporters to know is the people I’m putting in place at the club have the determination, drive and, most importantly, loyalty to make us a success both on and off the field.
“We’re very much still in the recovery stage, but everyone behind the scenes is working hard to ensure that we grow stronger for the fight back to being a top Super League club.”
Bradford, still actively seeking further investment, are currently just two points adrift of the play-off places but are still concerned by worrying crowd figures.