Rugby league club Newcastle Thunder faces a dire threat of ceasing operations as the club’s investment group has opted to withdraw their financial support.
Players are believed to have been apprised of the situation, which, in the absence of a new investor stepping in, is poised to lead the club to withdraw from League 1 in the upcoming season.
After their relegation from the Championship this year, Newcastle Thunder is now confronted with the alarming possibility of disappearing altogether in the following season.
Insiders have described the situation as “grim,” though there remains a faint glimmer of hope that an investor may yet be identified to rescue the club, which had once articulated ambitious aspirations to ascend to Super League status.
Statement from Newcastle Falcons:
Following the news released by Newcastle Thunder Ltd and its decision not to participate in next season’s competition we want to address the discussion surrounding any potential impact on Newcastle Rugby Ltd and Newcastle Falcons.
The decision that Newcastle Thunder will not compete in Betfred League One has no effect on Newcastle Rugby Ltd and our rugby union team, Newcastle Falcons.
We remain committed to being here for years to come and are continuing to push ahead with exciting plans for both this season and those to come.
Our thoughts are with everyone involved with Newcastle Thunder and we wish them all the best in the future.
Click here to read Newcastle Thunder’s statement.
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