The NRL will have rugby league's first executive chairman after Peter V'landys received approval during the meeting with the ARL Commission on Tuesday night.
V'landys publicly confirmed in recent weeks that he had not yet made a decision regarding becoming the NRL's full-time CEO.
V'landys has been managing his role as Racing NSW boss, which he's had for over two decades and as NRL's acting CEO.
After Andrew Abdo announced his resignation from the NRL in May to take up the role of CEO at Tennis Australia in July, V'landys has since become the acting executive chairman.
It is understood V'landys has made his decision after talking to family and associates he trusts over the weekend, according to The Daily Telegraph.
This move is game-changing, as V'landys will have unprecedented power with the NRL.
It was reported last week that V'landys is working on a $57 million investment in the Super League to keep the competition alive.
If the London Broncos, owned by Darren Lockyer, are promoted to join the Super League, the NRL's 50 per cent ownership in Super League will be backed by the ARLC.
Currently, 12 of 14 Super League clubs are understood to be on board.
Initially, there were fears that V'landys becoming the executive chair was a threat to the ARLC's constitution and NRL club powerbrokers.
However, the NRL club powerbrokers now feel at ease about his influence over the game as the game heads towards 19 clubs receiving $20 million annually through the seven-year TV rights deal.
The ARL constitution states that a commissioner cannot be employed by the NRL at any level without permission from New South Wales Rugby League, Queensland Rugby League, and 16 of the 17 NRL clubs.
Although there were legitimate reasons to block his move to become executive chairman, the state bodies and NRL clubs now support the decision.
V'landys securing the $5.3 billion TV rights deal for the NRL has eliminated fear that a group of club executives had.
Rabbitohs coach Wayne Bennett and Dolphins boss Terry Reader have publicly backed V'landys becoming the NRL's executive chairman.
ARL Commissioner Peter Beattie supports V'landys becoming CEO and chairman, eliminating the combination of powers between the Commission and NRL executive.
"Peter V'landys is a freak - he is the greatest administrator rugby league has ever seen,” Beattie, V'landys' ARLC chair predecessor, told DT.
"He is the best thing to happen to rugby league.
"The ARL Commissioners are fully supportive of him, and he would do an outstanding job as executive chairman.
"I also do believe he has the support of the clubs. They have never had so much money in their life. They have got a future. The Commission has been buying hotels and accruing assets.
"Peter is full of innovation, full of great ideas, and he is a clear, decisive leader. I have never worked with anyone in politics or any other sphere of my life who has had the energy and vision of Peter."
"Because of his power and energy, people think Peter is just the sole driver and decision-maker. But he is also the most consultative person. He will send us emails at 4.30am asking for our views on matters involving the sport.
"Contrary to opinion, Peter involves us in the decision-making process, and he listens.
"If Peter didn't come along when he did, this game would have started a slow demise. The media landscape has changed dramatically, and to get the record media deal he did was amazing.
"A few years ago, the AFL was eating our lunch. Now, thanks to Peter, we are eating their lunch and dinner.
"That's why he's the perfect executive chairman to take this game forward."
The official announcement about his future with the NRL will occur on Thursday, with the ARL Commissioners backing the decision.
