Russell Crowe has vehemently denied reports on Monday that his reported $20million stake in the Sout... View MoreRussell Crowe has vehemently denied reports on Monday that his reported $20million stake in the South Sydney Rabbitohs was up for sale.
In fact, the Hollywood superstar, who has had an interest in the club since he bought a share for $3million alongside businessman Peter Holmes à
Court in 2006, branded the reports 'bulls***'.
Crowe, 60, advised journalists that the rumours
swirling on the internet that he could look to off-load his
25 per cent share were not true.
He even went as far as telling reporters to go and 'enjoy the summer sun' instead of speculating on the
narrative.
Taking to X, Crowe added: 'Re: SSFC [South Sydney Football Club].
What would January in Australia be without desperate legacy media conspiracy theories?
'Enjoy the summer sun while it's there and ignore the trolls.
WB [coach Wayne Bennett] is back on board. A fresh energy about the place.
An arrowhead on our intentions.'
Russell Crowe has branded rumours he wants to sell his stake in the South Sydney Rabbitohs as 'bulls***'
Crowe (left) acquired the club back in 2006
alongside Peter Holmes à Court (right)
The Rabbitohs have declined to comment on the matter.
Since his investment in the club 19 years ago, Crowe has become a key feature of the furniture
at Stadium Australia and has always worn his
heart on his sleeve.
But it seems one bombshell report from nearly 12 years ago could have been at the heart of the speculation over his future with the Rabbitohs.
In 2012, ABC News claimed that the Rabbitohs had confirmed that Crowe had indicated that
he wished to sell his part-stake in the team.
Rabbitohs chairman Nick Pappas and then-chief exec Shane Richardson spoke to ease fan concerns over the stability of the club after Crowe's
announcement.
They added that it was Crowe's decision was a 'personal' one
and that there was an understanding that the actor would
find a buyer to replace him.
He later spoke out on the decision to sell his shares in the club, which
back then sat at 37.5 per cent, claiming that he wanted to spend more time with his family.
'It's pretty simple, I have to make more time for my family,' he
said to Fox League. 'I have loved the responsibility of bringing South Sydney back to being a competitive force.'
The Hollywood actor (right), posing for a picture with Aussie Prime Minister Anthony
Albanese (left), had in fact looked to sell his shares
back in 2012
While he had claimed that the decision was because he wanted to spend more
time with his family, he ultimately doubled back on that
decision
But the Gladiator star would make a U-turn on his plans, instead changing his mind
and opting to stay on as a part shareholder.
He now owns a quarter of the footy club alongside former Crown Resorts chairman James Packer and Mike Cannon-Brookes, a technology entrepreneur.
The final share is distributed among Souths' members.
Under their leadership, the Souths ended a 43-year wait for a premiership back
in 2014 and are now also financially stable.
That comes after the club fell on hard times in the
90s, ultimately being booted from the NRL in 1999.
Crowe and Packer also had notably waived a $7million debt
back in 2016, according to AAP, giving the club more financial security.
While the Bunnies are yet to repeat their feats of 2014 and end a now
11-year wait for a premiership, the appointment of new boss Wayne Bennett
will certainly help the Rabbitohs spin their fortunes around following their 16th-place finish in the NRL last season.
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Russell Crowe has vehemently denied reports on Monday that his reported $20million stake in the Sout... View More