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SBD Global/February 7, 2013/Franchises

National Rugby League's South Sydney Co-Owner Says He Won't Sell Stake In Club

National Rugby League side South Sydney Rabbitohs co-Owner Peter Holmes a Court has "indicated he will not be selling" his 37.5% stake in the Rabbitohs, according to Brad Walter of the SYDNEY MORNING HERALD. Holmes a Court "has been in discussions" with business partner and actor Russell Crowe and Souths officials about his shareholding after Crowe announced in November that he was selling his stake. In the open letter, Holmes a Court said that he "wanted to share the experience of the Rabbitohs' next premiership win." Holmes a Court said, "I would like members and supporters, sponsors and the whole South Sydney family, to know that I am excited about the year ahead. Indeed the decade ahead" (SMH, 2/6).

STAYING PUT: In Sydney, Brent Read reported Holmes a Court "made it clear he had no plans to follow Crowe's lead." Holmes a Court said, "There has been a step-change in the game of rugby league. This new (broadcasting) deal takes clubs from all losing money to a situation where everyone working hard can break even. I have been through the lean years. I have been through the difficult years. I look forward to enjoying myself a little bit more" (THE AUSTRALIAN, 2/7).
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