The NRL's attempt to invest in the Betfred Super League has encountered a significant hurdle, as ARLC chairman Peter V'landys acknowledged challenges in making the financial numbers viable.
Over the last year, the NRL has been considering the possibility of seizing control over the English Rugby League competitions, particularly as the Super League grapples with notable financial difficulties.
As traditional revenue sources dwindle, it has become apparent that most, if not all, Super League clubs are increasingly dependent on substantial annual investments from their owners.
"There's no secret that they've got financial problems over there, and if they don't fix them, they'll have a massive train crash," V'landys noted last month during a segment on SEN.
This concern was underscored recently when St Helens' financial outlook was made public, revealing an operating loss exceeding £3 million for the Super League heavyweight.
In contrast, the NRL has recently secured a remarkable $5.3 billion broadcast agreement, positioning the Australian league in a far stronger financial state.
Meanwhile, the Super League is also in negotiations for its own broadcasting deal with Sky Sports, which could greatly influence its financial trajectory.
While the potential NRL investment was seen as a chance to 'save' the competition, discussions have now reached a standstill.
It is reported that ARLC and NRL representatives visited the UK last week to engage with the Super League and its clubs concerning a possible intervention and the competition's overall needs.