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Private Equity Figure Peter Wiggs Reportedly Behind Consortium Bidding To Buy NRL Titans

One of "Australia's leading private equity figures has emerged as a key figure behind the consortium" attempting to revive "the famous North Sydney Bears emblem" on the Gold Coast, according to Brent Read of THE AUSTRALIAN. Peter Wiggs, whose company, Archer Capital, manages A$2B ($1.59B), "is believed to be part of the consortium" that is ready to bid for National Rugby League side Gold Coast Titans' license when the NRL puts it on the market in the coming weeks. North Sydney Bears officials "have remained tight-lipped on the identity of the businessmen involved in the consortium and declined to confirm Wiggs' involvement." Wiggs, who lives on Sydney’s north shore and is a "long-time Bears supporter," reportedly indicated he is "ready to lend his heavyweight financial acumen to the group." Gold Coast businessman Harry Cheung, whose company, Thousand Hand Technologies, is a sponsor of the North Sydney side in the NSW Cup, "is also part of the consortium." The group of influential businessmen has been "bestowed the intellectual property from the North Sydney Bears" as it looks to "revive the famous moniker," which has been absent from the NRL since the club was forced out in '99 (THE AUSTRALIAN, 8/3).

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