Bradford chief executive Robbie Hunter-Paul says new owner Marc Green is not alarmed by the prospect of the Bulls being relegated from Super League.
Green completed his takeover with Bradford bottom of the table, having reclaimed four of the six points deducted for going into administration.
"He's publically stated that he's in it for the long haul," Hunter-Paul said.
"His main objective is staying in the Super League - we are the underdogs as it stands, but its not unsalvageable."
Talking to BBC's Super League Show, Hunter-Paul continued: "It's going to be tough, and there are choppy waters ahead, but everyone at the club is rolling up their sleeves ready to work."
The points deduction imposed by the Rugby Football League in February prompted then-prospective new owners Bradford Bulls 2014 Ltd to pull out of their takeover deal.
Hunter-Paul was one of four directors of the consortium, which had initially taken over the running of the club, and continued in his role as Bulls CEO, while Green has assumed the role of chairman and appointed former Castleford chief executive Steve Ferres as managing director.
Hunter-Paul said the introduction of Ferres, and the hands-on approach by Green is a major boost for the four-time Super League champions.
"It's all set now, and in place to move forward, and that is exactly what Marc Green has in his mind's eye," said Hunter-Paul.
"He has obviously brought in someone with industry experience in Steve Ferres to work as managing director, and between the three of us we are working on building upon their game plan that they have brought to the club and adding that detail as we bed in."
Since ex-Bulls player Hunter-Paul returned to the Yorkshire club in September, Bradford were placed into administration for the second time in less than two years after OK Bulls Ltd, the club's former holding company established by Khan, entered administration.
While Bradford operated on a temporary Super League licence at the start of the season, as a search for new investment continued, the club lost a number of players, including scrum-half Jarrod Sammut and prop Garreth Carvell.
"It's been a rollercoaster for the last two months," added Hunter-Paul.
"But there is no sitting back - now the work starts, now the focus is building the club back up again.
"As it has been in administration for a month, it has just been about functioning, turning the business over. Everything was brought back to its basic side, and now we are looking to drive it forward."