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    If this happens what on earth is JP doing?

    http://www.foxsports.com.au/league/s...-1226804906841


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    Speculation is rife that billionaire James Packer is set to buy a share of the South Sydney Rabbitohs

    John Lehmann
    The Sunday Telegraph
    January 19, 2014 12:12PM


    Russell Crowe and James Packer at the National Centre of indigenous Excellence in Redfern.

    Russell Crowe and James Packer at the National Centre of indigenous Excellence in Redfern. Source: Philip Hillyard / News Limited

    SPECULATION is brewing among South Sydney Rabbitohs supporters that billionaire James Packer is negotiating a multimillion-dollar deal to buy part of the famous club.

    Under the mooted deal, Mr Packer would buy Peter Holmes a Court's 37.5 per cent stake and become a partner in the club with movie star Russell Crowe.

    The speculation is being pushed by a supporters group, Rebel Rabbitohs, which was deeply opposed to Mr Holmes a Court and Mr Crowe jointly buying 75 per cent of the club in 2006 for $3 million. The group claimed on its Facebook page that Mr Crowe had found a buyer for Mr Holmes a Court's $1.5 million stake.

    "The whisper has been a loud one from one former captain of the Rabbitohs,'' the posting said.

    "The prospective new owner is a lifelong Roosters supporter, Roosters member and former Roosters director.''

    James Packer and Russell Crowe pictured at the Sydney Roosters v South Sydney Rabbitohs.

    James Packer and Russell Crowe pictured at the Sydney Roosters v South Sydney Rabbitohs. Source: News Limited

    A spokesman for Mr Packer's Crown Resorts would only say yesterday that Crown was "proud and very excited" to be Souths' major sponsor in 2014. "We are looking forward to a strong partnership on the football field but also with our indigenous and community programs,'' he said.

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    South Sydney Rabbitohs chairman Nick Pappas said there was "no truth to the rumour as far as the club is concerned".

    Crown took the opportunity to take up the $1 million sponsorship of Souths when its Sydney casino rival, The Star, decided not to continue its support.

    The sponsorship caused a rift for Mr Packer with Sydney Roosters boss Nick Politis.

    The gaming billionaire and Mr Crowe have developed a close relationship in recent years, with Mr Packer's RatPac movie venture backing the actor's Gallipoli epic, The Water Diviner.

    The posting on Friday caused a ripple of excitement among Souths fans, although its accuracy was met sceptically by some.

    "I can't imagine James Packer moving on from the Roosters but his father was a diehard Souths supporter,'' said long-time member Joe Moussa, who owns Vinery Foods restaurant at Annandale.

    Speculation suggests that Packer will buy a 37.5 per cent share in the club.

    Speculation suggests that Packer will buy a 37.5 per cent share in the club. Source: News Limited

    Souths legend George Piggins has recounted that Kerry Packer once told him that anyone who thought there was money in football clubs or racehorses was mad.

    The Crowe and Holmes a Court partnership got off to a rocky start at Souths when the club lost $6.9 million in the first two years of their ownership.

    The loss resulted in Mr Holmes a Court stumping up a loan of $4.5 million to the Rabbitohs, while Mr Crowe loaned $1.65 million. Mr Holmes a Court resigned as a director in March 2010 but was spotted watching Souths games during the finals series last year.

    Souths have managed to turn their finances around, recording a $4.2 million increase in revenues between 2008 and 2012. But they still recorded a $300,000 loss in 2012, despite boasting the biggest membership base in the NRL.

    They have no backing from a leagues club, after Souths on Chalmers at Redfern was placed in liquidation last year.

    Read more: http://www.dailytelegraph.com.au/new...#ixzz2qoEVACSj

  • #2
    My best mates dad had a sticker on the fridge in his shed that always captured my imagination as a kid. It said 'if it's not on its not on'... Guess I know what it meant now..

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    • #3
      who gives a $hit.

      business is business
      1911 1912 1913 1923 1935 1936 1937 1940 1945 1974 1975 2002 2013 2018 2019 2020

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      • #4
        Sure, but owning a footy team is not 'business'. To drop the cliche: it's personal. So given that, why would he do this?

        I'll believe it when I see it.
        Making Steve Naughton look like Vince Mellars...

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        • #5
          Isn't he sponsoring them this year ?

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          • #6
            Hope he does not plan to merge the clubs together

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            • #7
              That must mean that Kerr's Cur is a fan of the Bunnies. He's buying in to impress his trollop.
              SUPER DRAGON!

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              • #8
                Packer doesn't support the Roosters, never has. He's good mates with Gyngell that's where his involvement came from.

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                • #9
                  Originally posted by Johnny. View Post
                  That must mean that Kerr's Cur is a fan of the Bunnies. He's buying in to impress his trollop.
                  Aaaaaaaand... there it is.
                  Making Steve Naughton look like Vince Mellars...

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                  • #10
                    ''I love Nick Politis,'' says Packer. ''He's a hero to me. Nick hasn't spoken to me since Crown sponsored Souths - but I still love him."

                    Then one former Roosters international tells you this: ''It's pretty simple. He will do anything for you, long after you finish. But if you cross Nick, you're f--ked.''

                    Would love to hear Uncle Nick's thoughts on the topic

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                    • #11
                      Originally posted by Ray Stehr View Post
                      Packer doesn't support the Roosters, never has. He's good mates with Gyngell that's where his involvement came from.
                      His old man, Kerry, was a die hard Souths supporter and I think James has a soft spot for them as well.

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                      • #12
                        JP is a ruthless businessman and would only invest money, where he would see a return/profit on his investment. That's what I find so confusing.

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                        • #13
                          He had a bromance with Tom Cruise and joined scientology, now his latest star bromance is Phone chucker so wouldn't surprise me if he joined the vermin.
                          Seems he just tarts himself off to whomever is his 'star' friend.

                          Kinda reminds of the rich nerdy kid at school who would spend his money on the big shot school kids ...so as he could hang out with the cool kids !

                          If he gets introduced to Hugh Jackman ... he'll no doubt be onboard with the eagles !
                          Last edited by Hawkeye; 01-19-2014, 09:55 PM.

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                          • #14
                            Originally posted by Ripken View Post
                            JP is a ruthless businessman and would only invest money, where he would see a return/profit on his investment. That's what I find so confusing.
                            JP could have been promised a roll in a Rusty flick, He'd play a good ugly fella with a hot misses.

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                            • #15
                              **** the Scientology loving judas.

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