Kiwi entrepreneur Paul Davys confirmed today that he has pulled out of trying to buy the struggling New Zealand NRL club, the NZ Warriors today.
Davys co-directs ChoiceKids, a childcare company situated in Auckland, along with rugby league player agent Peter Brown, who was originally reported to be one of two new investors in the club.
Davys said in a statement today that he is no longer interested in pursuing the Warriors club.
"I have withdrawn my interest due to a confusing process. I was given every indication that my offer was accepted subject to due diligence only to find the process being handled more like a tender," Davys said in a statement.
"I was advised this week that I needed to complete my due diligence then submit an offer for Eric Watson (Warriors owner) to consider. This to me is back to front and time delaying.
"The fans are wanting to know what direction the club is taking and there is a lot of work to do in a short period of time to get the systems in place that I feel the club needs and with a sale process of uncertainty I feel it's best I move on and let everyone get on with life.
To say I'm disappointed is an understatement considering my understanding of where we were at with negotiations"
Kiwi entrepreneur Paul Davys
"To say I'm disappointed is an understatement considering my understanding of where we were at with negotiations. I will make no further comment and wish the club all the best."