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A consortium that was set to challenge Russell Crowe and Peter Holmes A Court's privatisation bid for South Sydney has decided not to go ahead.
The consortium, which was headed by Champion Australasia CEO Vaughan Richards, was expected to be launched as early as today. Holmes A Court, whose proposal requires the backing of 75 per cent of Rabbitohs members at an extraordinary meeting on March 19, welcomed the decision by Vaughan not to proceed.