Super League: London Broncos in discussions to save club's future
Super League side London Broncos have announced talks are ongoing to save the club.
Last Updated: 03/12/13 12:47pm
The Londoners have been racked by uncertainty over the last two months amid speculation that owner David Hughes is about to withdraw his support.
Hughes, who has financed the Broncos since taking over from previous owner Richard Branson in the early 2000s, is thought to be reconsidering his position following the decision to re-instate promotion and relegation from the end of next season.
The Broncos, who are rooted at the foot of the Super League standings going into the final round of fixtures, are set to lose eight squad members and are yet to announce any new signings for 2014.
There is further speculation after the club conceded they will be leaving the Twickenham Stoop but are yet to reveal a new home; although the club is expected to relocate to Barnet.
"We are working through a number of key issues and all the players and staff have today been engaged in meetings and are fully up to date on the situation," Broncos Chief Executive Gus Mackay said:
"We have to reduce our cost base so that we can ensure the future of the club which is our priority.
"We are involved in ongoing discussions in relation to the 2014 season, following a detailed exploration of the options over recent months.
"Negotiations are at a sensitive stage but discussions are progressing as we go into the necessary details."
The Rugby Football League has acknowledged the uncertainty over the capital's major professional club and recently sent director of standards and licensing Blake Solly to London to address the concerns of the players.