New York Rugby League was one of four groups looking over the Wolfpack’s financials
“We’ve withdrawn quietly,” said Ricky Wilby, bid lead for the New York outfit. “We’ve done probably about two weeks worth of research and due diligence into the Wolfpack and where they are. And financially it just doesn’t make sense for us to get involved, if we’re being completely honest.”The Wolfpack stood down July 20, saying they could not afford to resume play with the other 11 teams in England’s Super League.
Wilby said it would have taken close to US$10 million to keep the Wolfpack afloat for the next 18 months — some $3 million through the end of this year and another $6 million next year. “Which we wouldn’t have an issue with them keeping the stake in there, but they needed to put in 10 per cent of the outgoings, take 10 per cent of the financial hit. But they weren’t prepared to do that.”The minority shareholders include Eric Perez, the Wolfpack’s co-founder and first president who is now part of the ownership consortium and front office of the Ottawa Aces.
The New York bid has pushed back its original plan to have the team take part in the 2021 Challenge Cup with league play to follow the next year. It is now looking at a possible 2022 start — in what division to be determined later. Williams, who is under contract to Toronto in 2021, said while he believes he has another year in him, the future remains unclear with the Wolfpack, who had lost all six games in Super League prior to the league shutting down in March.
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