19th December 2018, 14:42 | championship
The Rugby Football League have ratified a major investment in London Skolars by Toronto Wolfpack.
The new partnership, which sees the Wolfpack take a substantial minority stake in Skolars, will involve an in-kind financial investment alongside ongoing commercial, performance, development and community support. The two organizations will collaborate and share best practice in digital marketing, media, PR and fan engagement.
RFL approval was contingent on there being no change of control at the Skolars, and on no one individual being an influential person at both clubs.
London Skolars majority Owner, Hector McNeil, commented: “We are hugely excited with Toronto Wolfpack’s investment and partnership; the impact they have had on Rugby League in a short period of time is very exciting, and unprecedented in our game. This financial and business partnership with a fellow key global city will allow us to amplify our own ambitions and work together to elevate through the leagues and establish a club capable of eventually reaching and competing in Super League.
“London, to many, is the most important commercial and sporting city in Europe, possibly the world, whilst North America is showing a genuine thirst for expanding Rugby League in a key sporting market. This partnership reflects that and moves those wheels around. We would also like to take the opportunity to thank the RFL for supporting this vision and joint venture.
“We will be exploring digital rights growth as part of this partnership and ultimately ensure that we help Rugby League grow as a global sport. Sports fans are becoming more demanding and nuanced in how they absorb sports brands and content. We intend to respond to this with some exciting initiatives alongside expanding community work and impact. These are hugely exciting times for global Rugby League and the growth of the sport in the Capital.”
Toronto Wolfpack Owner, David Argyle, added: “We are very excited at this opportunity to combine the brand power of the two global cities of London and Toronto. Importantly our investment allows us to satisfy two of Toronto Wolfpack’s core values; in expanding and accelerating our platform to put rugby balls in kids’ hands, and further developing transatlantic trade.
“London Skolars have a fantastic history and worked tirelessly for almost 25 years to establish Rugby League on the UK capital’s sporting map. We intend to support the Skolars and do all we can to continue building on that success.”