Quote ="Ornery Optimist"Maybe Super League,via their highly paid top man Elstone,could have done some research prior to allowing Toronto Wolfpack into Super League.......[/url'" Instead they used the leverage of letting them in to get rid of the Middle eights in return. Smart move by SL. Worked a treat. No need to reply as this says it all. https://www.patreon.com/posts/39588405

Quote ="Ornery Optimist"Maybe Super League,via their highly paid top man Elstone,could have done some research prior to allowing Toronto Wolfpack into Super League.......[/url'" Instead they used the leverage of letting them in to get rid of the Middle eights in return. Smart move by SL. Worked a treat. No need to reply as this says it all. https://www.patreon.com/posts/39588405

There's also evidence in that article that that it was due to first time curiosity and ignores such as Good Friday usually drawing the biggest home attendance of the season. A poor supposed analysis by any stretch.

That's an aptly named article. I'm impressed. sadly it does seem that it may be correct, but let's hope a merger deal or a total buy out keeps them going.

Jul 22, 2020 at 10:16 PM
Wolf-Hunt: How Toronto went from bold dream to bad failure
BY JOHN DAVIDSON

TRL fans are reporting that the minority shareholder who has blocked the sale of Toronto (strictly speaking the sale of nothing except a massive debt) to Ricky Wilby is Eric Perez who retained a shareholding after going off to try to repeat the same massive failure again at Ottawa.

Two of the greatest expansionists/visionaries of post war modern Rugby League at loggerheads,fighting over a set of balls, jerseys and a £18M debt.

Another player leaves the wolf pack on loan https://www.timescolonist.com/toronto-w ... d_articles

Another player leaves the wolf pack on loan https://www.timescolonist.com/toronto-w ... d_articles

Now three months without pay for Toronto players and staff.

Toronto should take a leaf out of Crusader’s books.

As Jim Royale would say, expansion my 4r$3.

Darcy Lussick posted this on Twitter earlier !



"Technically stranded in UK. No visa so I can’t work, no help getting home to Australia as promised. About to be evicted from my house. A lot of people have it a lot worse then me but this situation has gone too far now."

Our resident trolls should have a word with him, and tell him not to worry because Toronto will be back in SL next season anyway,and everything will be just fine.

Very true Derek, new owners next season and all this $hit will just be a distant memory.

It's good they'll be getting new owners, however they currently have no license to play in ANY league.

In which case they'll probably not be getting new owners. Interested parties only really wanted the SL license. Not a £4.5Million annual deficit. That there have been monetary offers which TWP have rejected, it begs the question that maybe Newcastle made a significant offer in which Super league may have been happy to let them take the license. So why didn't Argyle take that offer?

He could then have paid the players in full?

Anyway TWP didn't [i"do it right"[/i just buying up a load of Championship players and pretending to be a Canadian club didn't wash and lost the club many $Millions. This is why Perez left to build a club the [uproper way[/u... Erm, oh hang on?? Cancel that....

If, as you have been saying, that super league do not want Toronto, isn't this the perfect opportunity?

Why would they even entertain the new possible ownership?

Nobody is saying they will, it's just donny playing out another of his scenario's.

OK a fair and straightforward question. The Superleague of course do not want Toronto, but you seem to believe that what is up for sale is a Superleague club in Toronto??

It's not that at all. If someone in Toronto wanted to buy them they they probably can do, and return next season in the Championship. They are out of Superleague as a punishment for leaving it high and dry and breaking their participation agreement. Add the dirty tricks of leaving the players high and dry, which is turning most nasty for the players and their families.

Remember Argyle isn't broke, he's a $$Billionaire, he can pay them.

AFAIK two bidders dropped out because there was no automatic SL place in the deal.

Newcastle didn't buy them as they were asked silly money (Newcastle wanted to buy them and then agree with SL for Newcastle to take over TWP's Superleague place under a new participation agreement, I only assume Kurdi had spoken to SL to see if this was possible, he probably did though, and I believe that SL would have entertained a new ownership from the right buyer to then transfer them to somewhere like Newcastle. PROPER EXPANSION Perez transferred Hemel to Ottawa. Remember that Mr. Expansion?

Argyle didn't need Newcastles money anyway, and wasn't prepared to play ball on that one to help SL out. He's a Billionaire for goodness sake, doesn't need the money.

The fourth bid was Ricky Wilby, but I doubt it was nothing more than him playing the big man and pretending New York were all ready to join.

Anyway Argyle would not give them away or sell them so why do you think that was? Seems pretty likely that it was some kind of "stuff you lot" for Superleagues constant cold shoulder towards Argyle, it looks like revenge against SL whilst Argyle sizes up a stake in Melbourne.

What is happening to the players is disgusting...........Anyway there you go now I'm going to the Lakes.......(Not the canadian ones)

Imo they are because they are awaiting Toronto's submission by end of this month.

Time for a serious question.
How do insolvency laws differ in N .America compared to the UK and, just what have SL promised (or not) for any prospective new owner.
Please come back with facts and not here say.
Also, if Toronto are circa £30million under the line, will this simply be written off by Toronto's owners or would part or all of this debt be carried forward.
I'm pretty comfortable with knowing what would happen if they had been an English SL club but, what changes with them being the other side of the Atlantic.
And, taking your absolute bias away from the discussion, would it be better to have a functioning RL club over there (in whatever guise) or would it be better to completely get rid
Finally, what legal grounds would a new owner have to insist on continuing in SL.

So why hasn't he?

Just because they have a billionaire owner doesn't mean that he will necessarily cover their debt, this would depend on the legal entity of the "Toronto Wolfpack" business and how that actually works.
Plenty of wealthy people allow certain businesses that they are involved with to go pop and assumint they are some kind of "limited" company, the liability would indeed be limited and not borne by it's owner(s), usually it's the creditors that get burned and the banks.

The term is ''asset rich cash poor,'' due to his assets pre Covid, Argyle was probably valued as a billionaire. Post Covid, I would suggest his value has significantly dropped.

That's not in any way defending the way this has been handled.

Didn’t Salford have a similar problem with Koukash? Despite him being “loaded”.

I think you're looking for excuses now

Odd that Argyle isn't included in any of the lists of richest people in Canada (or Australians) and, as was the case with Koukash, has only been described as a billionaire since becoming involved in RL?