Rebel Rabbitohs

Rebel Rabbitohs has been provided with the list of creditors to the South Sydney Leagues Club as compiled by the Administrator. Click on the link:



The first column is how much the Leagues Club are showing on thier books, the second is for amounts advised by creditors that they are owed and the third is for amounts that have been claimed by creditors through a legal instrument. ...

HYPOCRISY ON STEROIDS
Back in July 2007, Steve Mascord wrote a story in The Sunday Telegraph titled 'Holmes a Court Slams Australian Rugby League'. It read:

"Souths co-owner Peter Holmes a Court says the Australian Rugby League would be de-listed if it was a public company because of potential conflicts of interest. In a scathing assessment of rugby league's corporate structure in Australia, Holmes a Court said the AFL would be laughing at the code and its 70-plus board ...

There is a Deed of Co-operation between BlackCourt League Investments (Crowe and Holmes a Court) and the Member Company (football club members) as to the operation of the South Sydney District Rugby League Football Club. The Deed is a contract that was signed by representatives of the aforementioned entities.

Page 4 of the Deed defines what is called a "Material Adverse Event". It is defined as: "Any event or combination of events occurring or information coming to ...

Funny world. Things happen and some say that they are coincidental. Others say they aren't.

Take the leagues club, for example. When Holmes a Court and Crowe wanted control of it in 2006, they appointed Bill Alexiou-Hucker to head their ticket. A company called ISFM was consultant adviser to Alexiou-Hucker and members of his team.

When Crowe and Holmes a Court were campaigning to take control of the football club, their adviser was Ken Edwards. He was the boss at ANZ Stadium ...

On The Hutch some posters have asked for a blow-by-blow account of what has happened to Souths Leagues club since it was last in Administration, how it has come to its present predicament and how the Football Club is involved. Here is the story:

In mid-June 2006 the leagues club went into administration with assets of around $18.5 million and debts of about $7 million. $3 million of the debt was to a club official and it was not attracting interest. The Administrator described the ...

On 17 March 2012, in a Sydney Morning Herald article titled 'Rabbitohs Partner in Receivership', Nicholas Pappas claimed that the football club was not exposed to the failure of the Chalmers Street development. The article said:

"Late yesterday, Nicholas Pappas said neither the members or Holmes a Court and Crowe had any exposure. Pappas said: "Trivest got funding for the venture from the NAB, it is a non-recourse against the club."

Subsequently, Rebel ...