Richmond's warring factions have reached a temporary truce to avert an extraordinary general meeting which threatened the stability of the popular AFL club.

Club president Clinton Casey met for two and a half hours on Wednesday with Brendan Schwab and three members of his seven-man rebel ticket, who are seeking control of the financially-stricken club, and agreed to several compromises.

They are:

# there will be no EGM

* the AGM will be brought forward from late January to mid-December

* rebel ticket member Bryan Wood will join the board sub-committee to choose a new coach

* rebel ticket member Michael Humphris will be allowed to scrutinise the club's books

Casey welcomed the compromise, saying it alleviated instability at the club that threatened to spook the club's preferred new coach, thought to be Terry Wallace.

"It was a good outcome for the footy club today and will certainly put us back in the hunt to make sure we get the very best people for the job," Casey said.

"It will allow us to get done what needs to be done over the ensuing months and if there is to be any change it'll be done in an orderly fashion.

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