Souths board to hear privatisation
proposal

  • by NRL
  • February 09 2006 12:00AM

The Peter Holmes a Court-Russell Crowe privatisation proposal will finally be heard by the South Sydney Board tonight.

Holmes a Court will outline his proposal to the board which will then make a decision as to whether it will be passed to the members to vote on. Rabbitohs chief executive Shane Richardson says he is hopeful the board will reach a decision tonight.

Holmes a Court and Crowe are offering to pay $3 million for 75 per cent of the football club, which would give them the right to appoint four of the seven board members. The deal would also allow Souths members to retain control of the club's colours, name and logo and where the Rabbitohs play their home matches.

Club patriarch and Souths Leagues Club chairman George Piggins has been a vocal opponent to the bid, believing the football club should remain in the hands of the members and the community.

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