Toronto Wolfpack ready to make case to return to action with new owner
TORONTO — The Toronto Wolfpack’s proposed new owner will make his case to England’s Super League on Tuesday with the transatlantic rugby league team also submitting a new five-year business plan to revive the financially troubled franchise.
Tuesday marks the deadline Super League had given the Wolfpack to present its application for readmission. Toronto’s original participation agreement was torn up in the wake of the club’s July 20 announcement that it could no longer afford to play out the remainder of the pandemic-interrupted season.
The Wolfpack have not identified its potential new owner, other than to say he is North American and a member of the team’s original ownership group. Majority owner David Argyle, a Toronto-based Australian entrepreneur, is stepping away from the franchise because he no longer has the resources to fund it.
Wolfpack chairman and CEO Bob Hunter, the former MLSE executive who has not taken a salary since joining the franchise last August, says the hope is the club’s future will be decided “the sooner the better.”