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.



Surfer's shark tale: 'That's when it's come straight at me'

Pictured at Kingscliff this morning Rodney Clark has survived a Great White encounter.

"I lost sight of my son because a wave hit him"

Sleeping rough for Fred's Place

ALL RUGGED UP: From left, Lenny McLennan, Jason McDonald, Gerard Robinson, Gordon Rhodes and Stuart Burrows prepare for Fred's Place Sleep Out.

Tweed locals show support for homeless by sleeping outside in boxes.

Latest deals and offers

Thy Art Is Murder are killing it

See Thy Art is Murder on their killer tour happening right now. Photo Contributed

We talk with Thy Art is Murder about touring, babies, and new music

Date announced for Prince tribute concert

A Prince tribute concert will take place later this year

Matt Damon is taking a break from acting

Matt Damon is taking a break to spend time with his family

Police foiled terrifying 1m plot to kidnap Katie Price

Police foiled a £1 million plot to kidnap Katie Price and her family

Kristen Bell's baby confession

Kristen Bell once pretended to be asleep when her baby woke up early

Babylon 5's Jerry Doyle has died

Jerry Doyle has died from unknown causes at the age of 60

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd

Ecco Ripley sales run sparks prime release

MOVING IN: Sekisui House has announced the release of more residential blocks at Ecco Ripley.

Sekisui House is preparing to unveil more land at Ecco Ripley

Massive residential 9-storey high-rise hit by delays

An artist’s impression of the eight-storey-high apartment complex that Bernoth Holdings wants to build in South Toowoomba, next to the City Golf Club.

Developer struggles to get approved high-rise development started