Menu
Franchises

Franchise Notes: James Packer, Russell Crowe Waive $5M In Loans To NRL Rabbitohs

It was revealed that billionaire James Packer and actor Russell Crowe had waived A$7M ($5M) in loans to National Rugby League side South Sydney Rabbitohs, leaving the club to "declare it was in the healthiest position financially it has ever been in." It brings to a close a "decade-long period of liability to private investors" that began when Peter Holmes a Court and Crowe loaned Souths a combined A$6.15M between '06 and '08, on top of the A$3M the pair outlaid to buy 75% of the club. The "financial noose around the Rabbitohs' neck has been removed entirely," sparing the '14 premiers a repayment process that would have otherwise lasted for years (SYDNEY MORNING HERALD, 2/28).

League One side Blackpool "issued an apology to Bradford" and its fans for playing the song "We didn't start the fire" on the Bloomfield Road sound system at Saturday's match. Bradford holds an annual memorial in tribute to the 56 supporters who died in the Bradford fire disaster in '85 and in May last year the city staged a special "Remembrance Service" to mark its 30th anniversary. Blackpool said the choice of song at Saturday's game "was unintentional" after some of Bradford's fans took offense at the lyrics in the Billy Joel song and later complained on social media (London TELEGRAPH, 2/27).

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Global/Issues/2016/02/29/Franchises/Notes.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Global/Issues/2016/02/29/Franchises/Notes.aspx

CLOSE