News

Crowe selling his beloved South Sydney for family reasons

Coffs Coast identity Russell Crowe is believed to be preparing for a dignified exit from South Sydney ownership.
Coffs Coast identity Russell Crowe is believed to be preparing for a dignified exit from South Sydney ownership. Frank Redward

OSCAR-winning actor Russell Crowe says he is selling his stake in is his beloved NRL club South Sydney to put his family first.

Crowe, who recently separated from his wife Danielle Spencer and is facing a costly divorce settlement, is expected to sell his stake in the Rabbitohs by the end of next year.

As revealed in the Coffs Coast Advocate on the weekend, The Rabbitohs will hold a press conference today to confirm the news.

In an email aired on the Nine Network, Crowe said: "I have to address personally how busy I made my life outside of my actual job.

"If I have any chance of keeping my family together I have to simplify my life where I can.

"It doesn't change anything at the club level. I will always be a South Sydney supporter and member as I have been, man and boy. South Sydney until I die."

Rabbitohs management called a media conference for 11am Monday at Redfern Oval where the Nana Glen-based actor and entrepreneur is expected to issue a statement to confirm the rumour that's been sweeping the rugby league world for the past 48 hours.

Crowe and businessman Peter Holmes a Court bought the club after a sometimes bitter three-year pursuit of the licence and then poured over $11 million into the venture while turning Souths into the best supported outfit in the NRL.

During that period he continued a local association with Group 2 team Orara Valley Axemen after being introduced to the club by older brother Terry.

Holmes a Court praised Crowe's efforts to help turn the club around since 2006.

''Russell has today announced that this will be his last season as an owner of the Rabbitohs,'' Holmes a Court said.

''There are so many great things that he has done over the last six seasons that will never be seen.

''One thing that will always stay with the club is his pursuit of excellence in everything we do, a drive that has to be seen to be believed.

''This passion and focus is now in the club's DNA and it won't ever leave.

"All praise for him: for his investment, his passion, his time and his love of the Rabbitohs. I consider myself fortunate to have been by his side for some of the ride.''

Indications are the withdrawal from Souths' ownership will be completed by the end of 2013 but it's not known if the Holmes a Court connection will also be severed.

Sources have told The Coffs Coast Advocate a clause in the original purchase contract allows football club members to buy back the entire club for a symbolic one dollar fee.

However, this clause would not be triggered unless the full list of current shareholders withdrew.

Souths are in the final stages of a promotional contract with Coffs Harbour City Council and are due to play at trial with Newcastle at BCU International Stadium on February 16 next year.

The contract is not expected to be renewed but it's believed negotiations are well advanced to have both the Gold Coast Titans and Sydney Swans forge formal relationships with the city.



HEATWAVE: 'Severe' warning for Ipswich, storms on the way

WEATHER WARNING: Temperatures continue to soar as the heatwave covers Queensland.

At 10.30am today, the temperature had already hit 31.4 degrees.

Curious case of missing ginger pig

SARCIS investigated the theft of multiple farm animals.

Stock crime detectives looking for missing farm animals

Major road works will benefit 5000 people daily

Roadworks, generic.  Photo Tracey Joynson

Surface repairs started this morning as part of $12.5m project

Local Partners

Gatton family claims game show success

A GATTON family walked away with more than $11,000 after an exciting three-night run on game show Family Feud.


How cyclists could peddle funds into community

BIGGER AND BETTER: Bicycle Queensland has partnered with Somerset Regional Council.

BIKE riders set to flock to the region later this year.

Big flicks could soon be seen at major shopping centre

PROPOSED DEVELOPMENT: The Mt Ommaney Shopping Centre have lodged an application with the Brisbane City Council to build a new cinema and entertainment precinct.

New entertainment and dining options have residents excited.

Noll meltdown won't affect Gympie Oz Day concert

Shannon Noll

Photo Contributed

Shannon Noll is still expected to perform in Gympie next Thursday

Why The Walking Dead cast are paid a pittance

Despite massive ratings the cast haven't been shown the money

50 Shades Dornan on why he hates the film

Dornan and Johnson’s frequent sex scenes were ‘awkward’ to film. Picture: SuppliedSource:Supplied

Jamie Dornan doesn’t blame you for hating 50 Shades

Chris Hemsworth’s X-rated compliment to former co-star

Australian actor Chris Hemsworth poses on the red carpet for the European premiere of the film 'Avengers: Age of Ultron' in London on April 21, 2015.

THOR star once paid former Home and Away actress a lewd compliment.

'I can't keep my mouth shut any longer'

Singer George Michael.

George Michael’s cousin blasts singer’s boyfriend Fadi Fawaz.

Fresh faces: NCIS gets a shake up with new cast members

The new cast of NCIS, from left, Rocky Carroll, Pauley Perrette, Sean Murray, David McCallum, Brian Dietzen, Wilmer Valderrama, Emily Wickersham, Mark Harmon, Duane Henry and Jennifer Esposito.

THREE new characters join naval drama for season 14.

First the Onesie, now an Xbox One S inflatable controller

Fancy an inflatable Xbox One S controller?

Inflatable controller 'perfect sidekick' for Australia Day party

Sunday auction for historical home

Former Catholic school sure to attract spirited bidding

Looking back, looking ahead in Noosa

NEVER-ENDING GLORY: Looking towards Laguna Bay and Hastings St from Noosa National Park.

Natural appeal of Noosa continues to attract buyers

NEW: ALDI confirms opening date of seventh Ipswich store

NEW STORE: Aldi will soon open its seventh store in Ipswich.

Aldi is preparing to open its seventh store in Ipswich

Thousands of jobs part of $1b retirement village project

THIS YEAR: An artist impression of the new Aveo retirement village in Springfield.

Aveo Springfield unveiled this month, homes ready by July

KNIFE-EDGE: The housing tightrope we now face

Even the smallest interest rate rise will be hard for some to handle.

One if five home owners at risk, according to new analysis

Ready to SELL your property?

Post Your Ad Here!