Toronto Wolfpack make their case for new owner and return to Super League

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For the Toronto Wolfpack, it was hopefully the first step back to Super League with a new owner and business plan

The troubled transatlantic team, which stood down on July 20 citing financial problems prompted by the pandemic, held a 45-minute call Tuesday to present its proposed new owner to Super League executives.“I thought it went very well. Certainly as well as expected,” said Bob Hunter, chairman and CEO of the Wolfpack.

Tuesday also marked another missed payroll for the Wolfpack, who have not been paid since June 10 — when their May cheques arrived late. Majority owner David Argyle, a Toronto-based Australian entrepreneur who is stepping away from the club, has guaranteed the missing pay but has not been in a position to come up the money.

Toronto also wants to be an equal partner in Super League. That means getting its share of the league’s central distribution funding, with more than 90 per cent of that coming from Super League’s broadcast deal with Sky TV and the rest from league-wide sponsorships.“It’s been on the table ,” Hunter said Wednesday. “But certainly for the new owner, it’s a key part of going forward ... The team cannot be viable long-term without participation in those central revenues.

 

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