This will be a significant week for Toronto Wolfpack is takeover talks intensify for the Canadian club.
Three consortiums, two based in North America as well as another international consortium, remain in discussions with the Wolfpack over a potential takeover of the club.
The challenge for Toronto is time. They are expected to report back to Super League on their position by the end of the month with an outlook on their future after their participation agreement was terminated following their withdrawal from the competition.
Super League has set out a list of terms and conditions they want Toronto to meet should they wish to enter the competition next season. They are based around financial viability and commercial input. However, without having new ownership, it’s unlikely the Wolfpack will be in a position to answer all the questions Super League want answering.
That could result in Toronto asking for an extension, depending on how their talks progress this week.
But the club’s UK CEO Martin Vickers says the Wolfpack remain confident they can meet the deadline imposed and satisfy the RFL
“All potential investment groups are aware of these challenging timescales and are committed to making this happen within these dates,” he said.
“Bob (Hunter) and myself are really clear on what the club needs from any new ownership group, which are robust financial plans, a strong commercial growth strategy in Canada and a commitment to meet current playing liabilities. We have had to not proceed with some conversations where we are not confident some of these elements are not in place.”
It’s believed a North America-based consortium is their preferred option at this time, though talks with all three potential buyers remain ongoing.
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