This is the most I'll believe it when I see it news story that ever hit rugby. Let's break it down.
1. It's a breakaway league with totally new franchises not connected to any other clubs - this has never happened in the history of team sports ever.
2. Mike Tindall and Stuart Hooper and some unknown investor - Comparing that to LIV you had Phil Mickelson and Greg Norman (a top 50 and top 20 player OAT) and the PIF, the world's largest investment fund backing it. LIV has still been a massive, massive failure.
3. Rugby players aren't in the position to be overly risky with their careers - Again comparing this to LIV which recruited guys who for the most part are set for life and self-employed (pre-LIV) and could offer them guaranteed money that either rivalled or dwarfed what they would earn on the PGA. Rugby players are employed, none are set for life from their career earnings and this league isn't offering that type of money. There is no way these guys are going to get any guarantee of international rugby, and WR will more than likely ban them from WR sanctioned events. The risk for the rugby player who goes for this league is betting that it is successful or that they can maintain their level and not ostracise themselves for a period of 2-3 years when playing and training less, and most likely at a lower level, than players who don't make the move.
There simply won't be enough guys in their primes or coming into it willing to take these risks.
4. Fans won't buy in - who's going to watch this across multiple timezones with no connection to a team? NH fans barely watch SH club rugby and vice versa, those are established clubs with players closely connected to them. The Lions is one of the biggest events in rugby. Tier 2 teams are told to be grateful for the chance to play A teams, forget about a test. Rugby needs tradition in certain forms to survive, there's not a big enough market out there not to rely on the deeply established one.
5. Sir Clive and Mike Tindall (again) - are pig **** thick, royal brown nosers. They're as likely to close this as I am to close Sydney Sweeney.