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Pack it up, pack it in, let new era begin, says Crowe

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'Crowe will be in dressing room' when we win it

South Sydney Rabbitohs reassure their fans that the NRL club is in good health after confirming that Russell Crowe will look for a buyer for his stake in the club.

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SOUTH Sydney officials have been considering an ownership model for life after Russell Crowe similar to that of American football's Green Bay Packers, in which fans would be able to buy shares in the club.

Rabbitohs chairman Nick Pappas and chief executive Shane Richardson yesterday confirmed that the Oscar-winning actor had advised them six weeks ago he intended to sell his 37.5 per cent stake at the end of next season and said it was up to him to find a buyer.

However, Souths members have the first option on Crowe's shareholding and that of his business partner Peter Holmes a Court, who is yet to decide whether he wants to remain involved.

Fan plan ... the Rabbitohs are considering adopting the ownership model made successful by the NFL's Green Bay Packers.

Fan plan ... the Rabbitohs are considering adopting the ownership model made successful by the NFL's Green Bay Packers. Photo: Getty Images

The value of the 75 per cent stake is difficult to ascertain as Crowe and Holmes a Court paid $3 million in 2006 at a time when the Rabbitohs were struggling to pay their players. The club is now predicting a $1 million profit in next year.

However, Souths also carry debts of $6 million on their books from loans given to the club by Crowe and Holmes a Court to cover losses incurred between 2006 and 2008.

Repayment of those loans has been deferred to 2024 and the Rabbitohs do not pay any interest until 2014.

A source close to Crowe and Holmes a Court said that while the club was now much more valuable than when they bought in, that was unlikely to be a significant factor in determining the sale price.

It has also been suggested that Crowe's preference would be to sell the club back to its members as he is a life-long Rabbitohs fans who only became involved to keep Souths alive and not for financial gain.

But even if the 75 per cent shareholding was offered for the initial price of $3 million to the members, who control the company that owns the other 25 per cent stake, it is unclear how they would afford it.

One option being considered by the club is selling shares to members, as the Green Bay Packers have successfully done to their NFL fans for the past 15 years.

While the Rabbitohs would be unlikely to find enough supporters willing to buy 250,000 shares at $250 each, as the Packers currently have, they could create a premium membership that offers members the opportunity to buy a stake.

'There are models around the world where you have member participation at a higher level than just traditional membership for those who want to do it,'' Pappas said.

''The other members still retain their existing rights, it is just that some members have a proprietary interest in the club.''

Pappas explained that Crowe's decision did not mean anyone could buy the Rabbitohs.

''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.''

Crowe also rejected any concerns over the future by tweeting: ''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.''

''The club is very strong,'' Holmes a Court said. ''Russell and I haven't put any money in since 2008, it operates at a profit and membership is selling faster than ever before. Fans know what the future is''.

Despite the weekend announcement of Crowe's withdrawal, Souths sold 255 memberships on Monday.

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NRL Season 2014

Round 1
Thu, 06 MarTimes shown AEDT
SOU 28 vs SYD 8 Report Stats
Fri, 07 MarTimes shown AEDT
BUL 12 vs BRI 18 Stats
Sat, 08 MarTimes shown AEDT
PEN 30 vs NEW 8 Report Stats
MAN 22 vs MEL 23 Report Stats
NQL 28 vs CAN 22 Report Stats
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STG 44 vs WES 24 Report Stats
PAR 36 vs NZW 16 Report Stats
Mon, 10 MarTimes shown AEDT
CRO 12 vs GCT 18 Report Stats
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Round 2
Fri, 14 MarTimes shown AEDT
MAN 14 vs SOU 12 Report Stats
BRI 16 vs NQL 12 Report Stats
Sat, 15 MarTimes shown AEDT
NZW 12 vs STG 31 Report Stats
MEL 18 vs PEN 17 Report Stats
SYD 56 vs PAR 4 Report Stats
Sun, 16 MarTimes shown AEDT
GCT 12 vs WES 42 Report Stats
NEW 20 vs CAN 26 Report Stats
Mon, 17 MarTimes shown AEDT
BUL 42 vs CRO 4 Report Stats
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Round 3
Fri, 21 MarTimes shown AEDT
WES 25 vs SOU 16 Report Stats
BRI 26 vs SYD 30 Report Stats
Sat, 22 MarTimes shown AEDT
PEN 18 vs BUL 16 Report Stats
CRO 12 vs STG 14 Report Stats
NQL 16 vs NZW 20 Report Stats
Sun, 23 MarTimes shown AEDT
MAN 22 vs PAR 18 Report Stats
CAN 12 vs GCT 24 Stats
Mon, 24 MarTimes shown AEDT
MEL 28 vs NEW 20 Report Stats
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Round 4
Fri, 28 MarTimes shown AEDT
SYD vs MAN 8 Report Stats
STG 20 vs BRI 36 Report Stats
Sat, 29 MarTimes shown AEDT
NZW 42 vs WES 18 Report Stats
PAR 32 vs PEN 16 Report Stats
BUL 40 vs MEL 12 Report Stats
Sun, 30 MarTimes shown AEDT
SOU 18 vs CAN 30 Report Stats
NEW 30 vs CRO Report Stats
Mon, 31 MarTimes shown AEDT
GCT 13 vs NQL 12 Report Stats
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Round 5
Fri, 04 AprTimes shown AEDT
SYD 8 vs BUL 9 Report Stats
BRI 18 vs PAR 25 Report Stats
Sat, 05 AprTimes shown AEDT
CRO 37 vs NZW 6 Report Stats
PEN 12 vs CAN 6 Report Stats
STG 6 vs SOU 26 Report Stats
Sun, 06 AprTimes shown AEST
MEL 26 vs GCT 28 Report Stats
WES 34 vs MAN 18 Report Stats
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NQL 28 vs NEW 2 Report Stats
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Round 6
Fri, 11 AprTimes shown AEST
PEN 2 vs SOU 18 Report Stats
GCT 12 vs BRI 8 Report Stats
Sat, 12 AprTimes shown AEST
CAN 12 vs NEW 26 Report Stats
PAR 14 vs SYD 12 Report Stats
WES 16 vs NQL 4 Report Stats
Sun, 13 AprTimes shown AEST
NZW 20 vs BUL 21 Report Stats
MAN 24 vs CRO 4 Report Stats
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MEL 28 vs STG 24 Report Stats
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Round 7
Fri, 18 AprTimes shown AEST
SOU 14 vs BUL 15 Report Stats
NEW 6 vs BRI 32 Report Stats
MAN 26 vs NQL 21 Report Stats
Sat, 19 AprTimes shown AEST
STG 20 vs NZW 10 Report Stats
CRO 18 vs SYD 24 Report Stats
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CAN 24 vs MEL 22 Report Stats
Mon, 21 AprTimes shown AEST
PAR 18 vs WES 21 Report Stats
PEN 14 vs GCT 12 Report Stats
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Round 8
Fri, 25 AprTimes shown AEST
STG 14 vs SYD 34 Report Stats
MEL 10 vs NZW 16 Report Stats
BRI 26 vs SOU 28 Report Stats
Sat, 26 AprTimes shown AEST
CRO 24 vs PEN 20 Report Stats
NQL 42 vs PAR 14 Report Stats
BUL 16 vs NEW 12 Report Stats
Sun, 27 AprTimes shown AEST
MAN 54 vs CAN 18 Report Report Stats
WES 6 vs GCT 22 Report Stats
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Round 9
Fri, 09 MayTimes shown AEST
SYD 30 vs WES 6 Report Stats
NQL 27 vs BRI 14 Report Stats
Sat, 10 MayTimes shown AEST
NZW 54 vs CAN 12 Report Stats
GCT 18 vs SOU 40 Report Stats
MEL 22 vs MAN 19 Report Stats
Sun, 11 MayTimes shown AEST
NEW 10 vs PEN 32 Report Stats
STG 6 vs BUL 38 Report Stats
Mon, 12 MayTimes shown AEST
PAR 42 vs CRO 24 Report Stats
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Round 10
Fri, 16 MayTimes shown AEST
SOU 14 vs MEL 27 Report Stats
BRI 22 vs GCT 8 Report Stats
Sat, 17 MayTimes shown AEST
PAR 36 vs STG Report Stats
CRO 20 vs WES 22 Report Stats
NQL 42 vs SYD 10 Report Stats
Sun, 18 MayTimes shown AEST
CAN 20 vs PEN 26 Report Stats
BUL 16 vs NZW 12 Report Stats
Mon, 19 MayTimes shown AEST
MAN 15 vs NEW 14 Report Stats
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Round 11
Fri, 23 MayTimes shown AEST
BUL 12 vs SYD 32 Report Stats
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GCT 16 vs NZW 24 Report Stats
WES 14 vs BRI 16 Report Stats
Sun, 25 MayTimes shown AEST
CAN 42 vs NQL 12 Report Stats
Mon, 26 MayTimes shown AEST
CRO vs SOU 18 Report Stats
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Round 12
Fri, 30 MayTimes shown AEST
PEN 38 vs PAR 12 Report Stats
Sat, 31 MayTimes shown AEST
SYD 26 vs CAN 12 Report Stats
NQL 22 vs MEL Report Stats
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NZW 38 vs NEW 18 Report Stats
BRI 36 vs MAN 10 Report Stats
Mon, 02 JunTimes shown AEST
SOU 29 vs STG 10 Report Stats
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Round 13
Fri, 06 JunTimes shown AEST
MAN 32 vs BUL 10 Report Stats
PAR 18 vs NQL 16 Report Stats
Sat, 07 JunTimes shown AEST
GCT 14 vs PEN 36 Report Stats
STG 30 vs CRO Report Stats
SOU 34 vs NZW 18 Report Stats
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NEW 20 vs WES 23 Report Stats
MEL 12 vs SYD 32 Report Stats
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CAN 4 vs BRI 28 Stats
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Round 14
Fri, 13 JunTimes shown AEST
SOU 32 vs WES 10 Report Stats
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PEN 18 vs STG 14 Report Stats
SYD 29 vs NEW 12 Report Stats
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BUL 12 vs PAR 22 Report Stats
Mon, 16 JunTimes shown AEST
GCT 20 vs MEL 24 Report Stats
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Round 15
Fri, 20 JunTimes shown AEST
CAN 14 vs BUL 22 Report Stats
Sat, 21 JunTimes shown AEST
NZW 19 vs BRI 10 Report Stats
CRO vs MAN 26 Report Stats
Sun, 22 JunTimes shown AEST
MEL 46 vs PAR 20 Report Stats
GCT 18 vs STG 19 Report Stats
Mon, 23 JunTimes shown AEST
NEW 36 vs NQL 28 Report Stats
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Round 16
Fri, 27 JunTimes shown AEST
MAN 24 vs SYD 16 Report Stats
BRI 22 vs CRO 24 Report Stats
Sat, 28 JunTimes shown AEST
WES 19 vs CAN 18 Report Report Stats
NQL 20 vs SOU 18 Report Stats
Sun, 29 JunTimes shown AEST
NZW 30 vs PEN 20 Report Stats
PAR 10 vs NEW 16 Report Stats
Mon, 30 JunTimes shown AEST
STG 24 vs MEL 12 Report Stats
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Round 17
Fri, 04 JulTimes shown AEST
BUL 23 vs MAN 16 Report Stats
Sat, 05 JulTimes shown AEST
STG 27 vs NQL 24 Report Stats
SYD 28 vs CRO 30 Report Stats
Sun, 06 JulTimes shown AEST
WES 10 vs PEN 26 Report Stats
Mon, 07 JulTimes shown AEST
SOU 10 vs GCT 14 Report Stats
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Round 18
Fri, 11 JulTimes shown AEST
MAN 40 vs WES 8 Report Stats
Sat, 12 JulTimes shown AEST
NZW 48 vs PAR Report Stats
MEL 4 vs BUL 6 Report Stats
Sun, 13 JulTimes shown AEST
GCT 20 vs CAN 36 Report Stats
CRO 18 vs NEW 31 Report Stats
Mon, 14 JulTimes shown AEST
PEN 35 vs BRI 34 Report Stats
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Round 19
Fri, 18 JulTimes shown AEST
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PAR 12 vs SOU 32 Report Stats
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SYD 32 vs PEN 12 Report Stats
MEL 28 vs CAN 14 Report Stats
BRI 28 vs NZW 22 Report Stats
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WES 46 vs BUL 18 Report Stats
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STG 12 vs MAN 21 Report Stats
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Round 20
Fri, 25 JulTimes shown AEST
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BRI 8 vs MEL 30 Stats
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GCT 18 vs PAR 24 Stats
BUL 12 vs NQL 20 Report Stats
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NZW 12 vs MAN 22 Report Stats
WES 12 vs STG 28 Stats
Mon, 28 JulTimes shown AEST
CAN 18 vs SOU 34 Stats
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Round 21
Fri, 01 AugTimes shown AEST
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BUL 16 vs PEN 22 Stats
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CRO 12 vs PAR 32 Report Stats
NQL 28 vs GCT 8 Stats
SYD 30 vs STG 22 Stats
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CAN 18 vs NZW 54 Stats
SOU 50 vs NEW 10 Stats
Mon, 04 AugTimes shown AEST
WES 6 vs MEL 28 Stats
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Round 22
Fri, 08 AugTimes shown AEST
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BRI 41 vs BUL 10 Report Stats
Sat, 09 AugTimes shown AEST
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NQL 64 vs WES 6 Report Stats
PAR 18 vs CAN 10 Report Stats
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NZW 16 vs CRO 12 Report Stats
STG 4 vs PEN 16 Stats
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SYD 26 vs GCT 18 Report Stats
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Round 23
Thu, 14 AugTimes shown AEST
SOU 42 vs BRI 16 Report Stats
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PAR 16 vs BUL 18 Report Stats
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CAN 16 vs STG 34 Report Stats
MEL 48 vs CRO 6 Report Stats
WES 4 vs SYD 48 Report Stats
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NEW 28 vs NZW 22 Report Stats
GCT 12 vs MAN 15 Report Stats
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PEN 23 vs NQL 22 Report Stats
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Round 24
Thu, 21 AugTimes shown AEST
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PAR 22 vs MAN 12 Report Stats
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BRI 48 vs NEW 6 Report Stats
SOU 10 vs NQL 22 Report Stats
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NZW 12 vs SYD 46 Report Stats
CRO 12 vs CAN 22 Stats
STG 34 vs GCT 6 Stats
Mon, 25 AugTimes shown AEST
PEN 10 vs MEL 24 Stats
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Round 25
Thu, 28 AugTimes shown AEST
BUL 14 vs SOU 21 Stats
Fri, 29 AugTimes shown AEST
BRI 30 vs STG 22 Stats
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NEW 42 vs PAR 12 Stats
CAN 27 vs WES 12 Stats
SYD 24 vs MEL 12 Stats
Sun, 31 AugTimes shown AEST
NZW 42 vs GCT Stats
MAN 26 vs PEN 25 Stats
Mon, 01 SepTimes shown AEST
NQL 20 vs CRO 19 Stats
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Thu, 04 SepTimes shown AEST
SYD 22 vs SOU 18 Stats
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MEL 22 vs BRI 12 Stats
Sat, 06 SepTimes shown AEST
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CAN 33 vs PAR 20 Stats
NQL 30 vs MAN 16 Report Stats
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NEW 40 vs STG 10 Report Stats
GCT 19 vs BUL 18 Report Stats
PEN 22 vs NZW 6 Stats
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NQL 32 vs BRI 20 Report Stats
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Finals Week 2
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