The chances of Canterbury captain James Graham heading to the New Zealand Warriors are slim at best as ownership negotiations stall between current boss Eric Watson and potential suitor Paul Davys.

The NZ Herald is reporting that Davys made an offer this week to purchase the franchise for $15 million but Watson is after $20 million.

All player negotiations have been put on the back-burner until the sale is finalised.

It’s a little victory for the Newcastle Knights with Coach Nathan Brown eager to recruit the English International.