On his facebook site today, writing from a barn somewhere in France, Peter Holmes a Court has written: "The money that Russell and I lent to help the club is only ever repayable out of future profits. It is not a liability that will ever bother the club or its members. It was lent in the firm belief that one day rugby league will be much stronger and that the top clubs will get a proper reward for what they are delivering."

What Peter says contradicts the 2011 annual financial ...

In the Sydney Morning Herald, 12 April 2012, there is an article titled 'Five Foes Forge Coalition'. It reports that Souths and four other Sydney clubs have formed an alliance to try and boost dwindling crowd figures. Some might recall that Rebel Rabbitohs made mention of this unlikely coalition many months ago before it became news in the media.

Shane Richardson, in today's story, is mentioned. The story says: "Richardson has stated that attendances, which have been down on ...

On 1 January 2008, the ANZ Bank acquired the naming rights to the Olympic Stadium at Homebush in a seven year $31.5 million deal.

Five weeks later, on 8 February 2008, Peter Holmes a Court announced that Souths had signed to play its home games at ANZ Stadium for 10 years. On that same day, a company controlled by Peter Holmes a Court (Merg Holdings Pty Limited) paid $2.1 million for a holiday home at 17 Kallaroo Avenue, Stanwell Park. Merg Holdings was registered a day earlier ...

High Concept Commercial Pty Limited is the partnership between South Sydney Football Club (SSFC Investments Pty Limited) and Trivest Pty Limited. The partnership was formed in February 2007 to develop the four-level Chalmers Street building.

On 2 March 2012 the Australian Securities & Investments Commission placed High Concept Commercial "under external administration and controller appointed".

This was nearly two weeks ago. Yet the football club, 50% ...

The club is claiming that it's turned four consecutive profits in recent years. Brad Walter's disgraceful article today mentions that the club employed EBITDA to arrive at this deceitful claim.

EBITDA stands for Earnings Before Interest, Tax, Depreciation and Amortisation. Investopedia says this: "EBITDA is often used as an accounting gimmick to dress up a company's earnings. When using this metric, it's key that investors also focus on other performance measures to make sure ...

There is an article in The Herald today, which must surely be an early April Fool's Day joke. Brad Walter, the utterly compromised hack who junketed to Jacksonville, Florida, on an all expenses paid trip funded by Souths, had this to say this morning:

"Souths Shane Richardson yesterday told football club members he was hopeful of re-signing star forward Dave Taylor as the Rabbitohs announced a profit for the fourth consecutive season.
While only a modest $22,000 the Rabbitohs ...