Toronto Wolfpack in need of new ownership to keep franchise afloat - Sportsnet.ca

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Toronto Wolfpack in need of new ownership to keep franchise afloat - Sportsnet.ca
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The Toronto Wolfpack, currently a rugby league team in limbo, are on the brink.

A new owner is needed. Preferably one whose vision of the future includes the Super League franchise in Toronto."It is challenging on a day-to-day basis, but I do see — with new ownership — a light at the end of the tunnel," said Hunter, the former MLSE executive tasked with helping clean up the mess. "And I still believe this thing has legs in Toronto.

The other interested party, according to the sources, is the group trying to bring rugby league to New York. The Super League, which resumed play last Sunday with just 11 teams, has expunged Toronto’s record from the standings and withdrawn the franchise’s participation agreement, meaning it would have to re-apply to get back in the league.

All seven of the Wolfpack’s international players, who had their housing providing by the team, were in the same boat, said Hunter, who hopes to resolve the issue this week. "He still intends to pay them. I just know that right now he does not have those resources," said Hunter. "He is seeking them out and he understands that he has an obligation. There is a personal guarantee in writing to the RFL on all the team’s salaries and David has signed that personal guarantee.Hunter has said that while a potential new owner will be asked to help make up the payroll shortfall, bankruptcy protection is an option.

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