That's why I said "low" chance. If they lose funding then they're gone, that's a given.
Also, it's a perception issue. Try selling the credibility of rugby league if it's entrenched in the north with a couple of French clubs. It's an open goal for anyone who wants to have a go at us.
Finally, it'd be a right kick in the teeth for the Championship clubs who are putting in the effort to improve their clubs if Toulouse get in while having facilities that do not meet the grade.
Several existing SL clubs don't meet the grade either. Broncos certainly didn't when they played Esher.
Everybody who wants to have a go at us as a northern game do so anyway. A club who attract 1,800 fans at home games (some of who are away fans) doesn't convince anybody that it is a national sport. London RL done well has huge potential but London Broncos have had little impact for a very long time.