Re: Toronto Wolfpack may pull out of Superleague : Tue Aug 11, 2020 9:42 am  

Donnyman wrote:

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 "do it right" 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 proper way... 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?

Re: Toronto Wolfpack may pull out of Superleague : Tue Aug 11, 2020 9:52 am  

The Silent H wrote:

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.

Re: Toronto Wolfpack may pull out of Superleague : Tue Aug 11, 2020 10:05 am  

The Silent H wrote:

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?

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)

Re: Toronto Wolfpack may pull out of Superleague : Tue Aug 11, 2020 10:06 am  

little wayne69 wrote:

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

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

Re: Toronto Wolfpack may pull out of Superleague : Tue Aug 11, 2020 10:22 am  

Donnyman wrote:

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, plus the dirty tricks of leaving the players high and dry, which is turning most nasty for the players and their families..

Don't give me any of that garbage about Argyle being broke. he's a $$Billionaire

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 but them and then agree for Newcastle to take over TWP's Superleague place under a new participation agreement, I do not know if 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, same as 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.He's a Billionaire for goodness sake,

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.Here's the bottom line what is happening the the players is disgusting...........Get them paid Argyle FFS.

Anyway there you go now I'm going to the Lakes.......(Not the canadian ones)

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.

Re: Toronto Wolfpack may pull out of Superleague : Tue Aug 11, 2020 2:37 pm  

Donnyman wrote:

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

So why hasn't he?

Re: Toronto Wolfpack may pull out of Superleague : Tue Aug 11, 2020 7:39 pm  

RoyBoy29 wrote:

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.

Re: Toronto Wolfpack may pull out of Superleague : Wed Aug 12, 2020 1:18 am  

Donnyman wrote:

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

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.

Re: Toronto Wolfpack may pull out of Superleague : Wed Aug 12, 2020 6:57 pm  

RoyBoy29 wrote:

So why hasn't he?

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

Re: Toronto Wolfpack may pull out of Superleague : Wed Aug 12, 2020 8:33 pm  

The Silent H wrote:

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.

I think you're looking for excuses now