The pair are two of the most controversial and high-profile names in New Zealand business but they are rarely seen in public together.
They co-founded failed finance company Hanover, whose investors had $554 million of money frozen in July 2008.
Since Hanover's collapse, Mr Hotchin has borne the brunt of public fury while Mr Watson has largely escaped attention.
He spends most of his time away from New Zealand, in London, while Mr Hotchin caused public anger firstly through the building of his palatial $30 million mansion in Auckland's Paritai Drive and his expensive holiday in Hawaii.
He has spent part of the last year on the Gold Coast but returned to New Zealand in February on a public relations blitz saying his assets were frozen and his personal worth was low.
New Zealand Warriors chief executive Wayne Scurrah last night tried to quell the Owen Glenn speculation, insisting there would be no change.
"Eric Watson and Mark Hotchin are fully committed to the club and won't be relinquishing control. Through their business relationships there are often people who express some interest in being part of the club," he said.
There had been rumours for some time the pair wanted to quit their involvement with the club and they are not regulars at Mt Smart stadium.
Mr Glenn had reportedly completed due diligence on a deal to buy Mr Watsons' stake but a spokeswoman said he had not bought it.
Mr Glenn was a guest of the Warriors at their final home game against the Cowboys before the play-offs began. About 1000 guests drawn from league identities, club officials, sponsors and media attended the heavily stage-managed function at Darling Harbour's Sydney Exhibition and Convention centre.
The traditional set piece promotional event for Sunday's grand final between the Warriors and Manly was broadcast live on Australian Pay TV network Fox Sports.
Asked who his family would be cheering for on Sunday, Kiwi-born Manly star Kieran Foran said they had gone out and bought Warriors and Manly shirts and his "nan was going to cut them in half down the middle and sew them together".
Foran's Manly side will start heavy favourites for the match, although the team's coach Des Hasler spent much of yesterday morning trying to claim underdog status for his team.
The Warriors looked considerably more nervous than their Manly counterparts, however coach Ivan Cleary said they had been enjoying the pre-match festivities.
"We are very grateful to be here," Cleary said.
"It's exciting times. You don't get to do it all that often. Everything in terms of our preparation has been good so as long as that continues we will have a good week."
Emerging star Shaun Johnson has attracted most of the attention from the Australian media but Cleary said the 21-year-old from Whangaparaoa was coping well.
"Maybe he had a lot of attention in another life because he handles it pretty well," Cleary said.
"It doesn't seem to faze him too much. I think deep down he probably loves it. He's going alright so far."
- Additional reporting: Steve Deane
