Richard Fale confirms foundational agreement signed to become NZ Warriors owners

The Warriors will have a new owner within the next 10 to 12 days.

That's the firm opinion of Richard Fale, who believes the Tongan-American consortium he's spearheading is on the cusp of making their bid to take charge of the Auckland-based club official.

The Hawaiian politician insists they have a provisional agreement in place and is "reasonably sure" they'll soon be the new owners.

"We have some foundational agreements in a document we signed yesterday morning that definitely smoothes over a lot of the challenges we had faced," Fale told Newshub.

"If I'm using the new frame of reference of everything that we've gone over in the last seven days I'd probably say 10-12 days before we've crafted the document that is acceptable to both parties.

"We're ready to make it happen in the next 15 minutes if the other side of the table was."

Negotiations had stuttered over the past 48 hours after they'd reportedly failed to come to terms on a purchase price of $24 million with Eric Watson, which Fale is quick to dismiss as a mere "bump in the road".

"I guess part of the challenge there is because Eric Watson isn't boots on the ground here there is some information that does get lost in translation when you're trying to work across time zones in New York, Honululu, and then London.

"I think we're in a better spot now."

The 36-year-old expressed some degree of frustration with the amount of attention being placed on the figures involved, eager to shift the focus to what he feels really matters.

"The role that the Warriors play with the fans – it's such an emotional issue, it's something that people are invested in.  Everyone seems to be concerned about the price and not what's going on with the Warriors family and the emotions that are going on there.

"The discussion of price loses focus on the fact that there needs to be a better working relationship with that community.

"Through this process we set some guiding principles and values that we simply weren’t going to compromise on, and that doesn't include money."

One the main items on Fale's and his group's agenda is to make the players more accessible and encourage them to build their own brands through both social media and sponsorship.

He's also looking to allow media unprecedented levels of access including post-match dressing room interviews, the likes of which are commonplace across the American sporting landscape.

"We are introducing into this arena something which has never been seen before in the world of rugby league, and probably has never been seen before in the world of rugby union either.

"We know exactly the economic plan that's going to give it viability and sustainability moving into the future.

The Warriors may be an historically embattled club in the midst of a seven-year finals drought, but Fale sees nothing but potential.

"This is an absolutely fantastic brand, just meet the fans," he exclaims.

"This is not some small little rugby league club at the bottom of the Pacific Ocean. This is one of the best teams on planet earth.

"One of the upsides of it is because of the quality of the game and the quality of the players, it has some of the biggest room for growth and its going be extremely attractive to the American market."

Three other parties still remain in the hunt, including Auckland Rugby League, a Waikato-based businessman in conjunction with Chinese investors, and one more mystery bidder.