The private equity firm – Novalpina Capital – that had been interested in buying a stake in Super League is to be wound up.
Super League interim chairman Ken Davy had talked about the future of the sport in July, stating that the sport would not be handed over to a private equity firm. And, that has proved to be an incredibly wise decision.
Sky News has learnt that London-based Novalpina Capital is to be removed as the manager of the Pegasus surveillance technology fund, with the management of its assets instead taken over by a third party.
The surveillance company has had its fair share of critics over its global use, but had been interested in the sport of rugby league.
The future of rugby league and Super League continues to be held on a knife edge, with Sky driving the restructure of the game.