Super Rugby team Melbourne Rebels shut down by Rugby Australia

  • 📰 TheCitizen_News
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 75%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

Rugby Australia has rejected a consortium's bid to take over debt-laden Super Rugby team Melbourne Rebels.

Australia will be left with four Super Rugby teams in 2025 - ACT Brumbies, Queensland Reds, Western Force and NSW Waratahs,

The team went into voluntary administration in January owing almost Aus$23 million — a large portion of it tax debt.stepped in to reclaim the club’s playing licence while paying staff wages for the 2024 season, before a consortium led by former Qantas chairman Leigh Clifford put forward a rescue plan.

“While this is undoubtedly a sad day for the Melbourne Rebels, the clarity that this decision provides for our players and staff is welcome,” they said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in LOANS

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Indebted Rebels booted from Super RugbyRugby Australia has rejected a consortium’s bid to take over the debt-laden Rebels and shut down the side after 14 seasons in Super Rugby.
Source: SARugbymag - 🏆 33. / 51 Read more »