Statement – Super League Participation Agreement
03/08/2020 by admin
Betfred Super League has terminated Toronto Wolfpack’s Super League Participation Agreement for the 2020 season, following our withdrawal from the competition last month.
The Super League Participation Agreement, which was signed in February, is a contract all clubs must sign as a condition of taking part in the competition. It outlines the terms that clubs must meet in order to take part in Super League, one of which is a commitment to fulfilling fixtures. Super League’s action reflects the breach of contract in withdrawing from the 2020 season, which has impacted Super League and its member clubs. This news is disappointing but not unexpected.
The Wolfpack would now have to enter into a new Participation Agreement before being able to play in the competition in 2021. As previously stated by Super League and The RFL, any application which the Wolfpack do submit will be given full and timely consideration.
Toronto Wolfpack majority owner David Argyle recognizes that in order to move the club forward he would need to transfer ownership of the Club, and write off his personal loans. We are currently leading discussions around a take-over with potential ownership groups from both the US and the U.K. In these discussions the club have made it very clear that the new owners would need to honour all payroll commitments and future contractual obligations.
We expect to develop these discussions further in the next 48 hours and will provide an update in due course.