Souths staying in Sydney, vows CEO

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    South Sydney chief executive Shane Richardson says there is no prospect of the Rabbitohs relocating, despite Russell Crowe’s decision to offload his 37.5 per cent stake in the NRL club.

    The Hollywood superstar is putting his shares up for sale due to family reasons, prompting claims from former patriarch George Piggins that the club could be shifted to Perth or the NSW central coast.

    In front of a large media contingent at Redfern Oval on Monday, Richardson hosed down the possibility of moving, saying the club was in the best shape in its long history, and roots would always be in Sydney.

    “I guarantee it, iron-flag – it’s not even a question. If it happened, Shane Richardson wouldn’t be here,” he said.

    “We have more almost 25,000 paid-up members, made a six-figure profit this year and will make a seven-figure profit next year.

    “Russell will still be involved in the club, he will still be ringing me up and trying to tell me who we should sign and what ideas we should be implementing.

    “But family comes first – anyone with kids will tell you that.”

    The actor took to Twitter on Monday, declaring: “South Sydney FC in a great place. Money in the bank, long term contracts with star players, excellent coach. Don’t listen to panic merchants.”

    However, his move to sell raised fresh concern from Piggins, who was a fierce opponent of Crowe’s and businessman Peter Holmes a Court’s successful takeover bid in 2006.

    “I think the fans must be very concerned about where the club goes now, and those who voted for the takeover must be very concerned too,” Piggins told AAP.

    “This is exactly what worried me most about the whole thing … the fans will be feeling cheated.”

    Souths’ chairman Nick Pappas said any new major shareholder would need to be ratified by club members before any sale could be agreed.

    Pappas said it was up to Crowe to find someone to sell his stake to. But he was unable to offer any specific figure on how much the Oscar winner could expect to make, but any transaction would need approval from the members.

    “The club is not up for sale, but Russell has indicated it’s his intention to dispose of his interest,” Pappas said.

    “The members would have the right to veto any move.”

    Pappas added that co-owner Peter Holmes a Court was still considering what to do with his 37.5 per cent share of Souths.

    Crowe and Holmes a Court bought 75 per cent of the club in 2006.

    “I really can’t speculate about Peter’s role. We will wait and see what Peter’s decision is. It’s his decision alone,” he said.

    © AAP 2018

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    The Crowd Says (15)

    • November 20th 2012 @ 8:26am
      oikee said | November 20th 2012 @ 8:26am | ! Report

      Something sounds fishy about this, today they report that the bunnies owe Crowe 1.6 million.
      Ok, if he owns just over one third of the club, do souths owe 4.8 million to someone all up.
      If they do then it is time to move out of Sydney. Perth or even Adelaide where you can have a whole city to yourself.
      Start making some cash instead of leaking like the Pasha Bulker.

    • November 20th 2012 @ 9:34am
      Crosscoder said | November 20th 2012 @ 9:34am | ! Report

      oikee.The club has been profitable since 2008.The monies lent do not have to be repaid til 2024
      The club’s members,have the final decision as to club colours and where they should stay.
      The chances of relocation,are as much chance of the Broncos moving to Penrith.

    • November 20th 2012 @ 9:47am
      josh said | November 20th 2012 @ 9:47am | ! Report

      what is this iron-flag that Richardson speaks of? is it some form of weapon to be used against the forces of evil or even worse, the AFL? is it even legal?

      • November 20th 2012 @ 2:31pm
        Crosscoder said | November 20th 2012 @ 2:31pm | ! Report

        The iron flag is used to keep Richardson’s chins ,from drooping further.

        • November 20th 2012 @ 2:47pm
          Nathan of Perth said | November 20th 2012 @ 2:47pm | ! Report

          Will iron be strong enough?

          • November 21st 2012 @ 11:33am
            Crosscoder said | November 21st 2012 @ 11:33am | ! Report

            Depends on the quantity of pasty held within.

    • November 20th 2012 @ 11:17am
      Nathan of Perth said | November 20th 2012 @ 11:17am | ! Report

      I suppose if the Pirates aren’t getting anywhere, Souths would be pretty nice 😀

    • November 20th 2012 @ 2:32pm
      Crosscoder said | November 20th 2012 @ 2:32pm | ! Report

      But wasn’t it supposed to be Cronulla relocating to Sandgropersville? How times have changed.

      • November 20th 2012 @ 2:48pm
        Nathan of Perth said | November 20th 2012 @ 2:48pm | ! Report

        Well, I like Sharks and I like Rabbits, so I’m okay on a mascot level with either alternative.

        • November 21st 2012 @ 11:40am
          Crosscoder said | November 21st 2012 @ 11:40am | ! Report

          Stick to the buccaneer bloke ,with an eyepatch over one eye.
          The marketing hype is enless.One eyed supporters.We pillage and take no prisoners.Put the Knights to the sword, me hearties.
          Your mascot can be a parrot(not Alan Jones) BTW.

          I don’t think Sharks are the flavour of the month in WA TBH.

    • November 20th 2012 @ 4:20pm
      dishes said | November 20th 2012 @ 4:20pm | ! Report

      It’s a shame they won’t be going to the central coast, that would’ve been great for rugby league.

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