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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 2015

Round 1
Thu, 05 MarTimes shown AEDT
BRI 6 vs SOU 36 Report Stats
Fri, 06 MarTimes shown AEDT
PAR 42 vs MAN 12 Report Report Stats
Sat, 07 MarTimes shown AEDT
NEW 24 vs NZW 14 Report Stats
GCT 18 vs WST 19 Report Stats
NQL 4 vs SYD 28 Report Stats
Sun, 08 MarTimes shown AEDT
PEN 24 vs CBY 18 Report Stats
CRO 20 vs CBR 24 Report Stats
Mon, 09 MarTimes shown AEDT
STG 4 vs MEL 12 Report Stats
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Round 2
Fri, 13 MarTimes shown AEDT
CBY 32 vs PAR 12 Report Stats
CRO 2 vs BRI 10 Report Stats
Sat, 14 MarTimes shown AEDT
PEN 40 vs GCT Report Stats
MAN 24 vs MEL 22 Stats
NQL 14 vs NEW 16 Report Stats
Sun, 15 MarTimes shown AEDT
SOU 34 vs SYD 26 Stats
CBR 6 vs NZW 18 Report Stats
Mon, 16 MarTimes shown AEDT
WST 22 vs STG 4 Stats
View All Fixtures
Round 3
Fri, 20 MarTimes shown AEDT
MAN 12 vs CBY 16 Report Stats
BRI 44 vs NQL 22 Report Stats
Sat, 21 MarTimes shown AEDT
NZW 29 vs PAR 16 Report Stats
CBR 20 vs STG 22 Report Stats
MEL 36 vs CRO 18 Report Stats
Sun, 22 MarTimes shown AEDT
SOU 20 vs WST 6 Report Stats
GCT 18 vs NEW 20 Report Stats
Mon, 23 MarTimes shown AEDT
SYD 20 vs PEN 12 Report Stats
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Round 4
Fri, 27 MarTimes shown AEDT
PAR 29 vs SOU 16 Report Stats
WST 24 vs CBY 25 Report Stats
Sat, 28 MarTimes shown AEDT
NEW 26 vs PEN 14 Report Stats
CRO 22 vs GCT 24 Report Stats
STG 12 vs MAN 4 Report Stats
Sun, 29 MarTimes shown AEDT
NZW 16 vs BRI 24 Report Stats
SYD 34 vs CBR 6 Report Stats
Mon, 30 MarTimes shown AEDT
NQL 18 vs MEL 17 Stats
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Round 5
Fri, 03 AprTimes shown AEDT
CBY 17 vs SOU 18 Report Stats
GCT 16 vs BRI 26 Report Stats
Sat, 04 AprTimes shown AEDT
MAN 16 vs CBR 29 Report Stats
NEW vs STG 13 Report Stats
Sun, 05 AprTimes shown AEST
SYD 12 vs CRO 20 Report Stats
Mon, 06 AprTimes shown AEST
PAR 6 vs WST 22 Report Stats
MEL 30 vs NZW 14 Report Stats
PEN 10 vs NQL 30 Report Stats
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Round 6
Fri, 10 AprTimes shown AEST
BRI 22 vs SYD 18 Report Stats
CRO 22 vs NEW 6 Report Stats
Sat, 11 AprTimes shown AEST
PAR 16 vs GCT 38 Report Stats
NZW 32 vs WST 22 Report Stats
PEN 22 vs MAN 12 Report Stats
Sun, 12 AprTimes shown AEST
CBR 10 vs MEL 14 Stats
STG 31 vs CBY 6 Stats
Mon, 13 AprTimes shown AEST
SOU 12 vs NQL 30 Report Stats
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Round 7
Fri, 17 AprTimes shown AEST
CBY 28 vs MAN 16 Report Stats
STG 12 vs BRI 10 Report Stats
Sat, 18 AprTimes shown AEST
GCT 32 vs PEN 6 Report Stats
NQL 28 vs NZW 24 Report Stats
MEL 17 vs SYD 16 Report Stats
Sun, 19 AprTimes shown AEST
WST 22 vs CBR 30 Report Stats
NEW 22 vs PAR 28 Report Stats
Mon, 20 AprTimes shown AEST
CRO 18 vs SOU 10 Stats
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Round 8
Fri, 24 AprTimes shown AEST
CBY 14 vs WST 38 Stats
Sat, 25 AprTimes shown AEST
NZW 28 vs GCT 32 Report Stats
NEW 24 vs NQL 26 Report Stats
SYD 12 vs STG 14 Report Stats
MEL 10 vs MAN 12 Stats
BRI 28 vs PAR 16 Stats
Sun, 26 AprTimes shown AEST
PEN 26 vs CRO 18 Stats
SOU 22 vs CBR 30 Stats
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Round 9
Fri, 08 MayTimes shown AEST
BRI vs PEN 19:35SUN
SYD vs WST 19:35AS
Sat, 09 MayTimes shown AEST
CBR vs GCT 15:00GIO Stadium
CRO vs NZW 17:30Remondis Stadium
NQL vs CBY 19:301300 Smiles Stadium
Sun, 10 MayTimes shown AEST
MAN vs NEW 14:00BO
PAR vs MEL 16:00Pirtek Stadium
Mon, 11 MayTimes shown AEST
SOU vs STG 19:00ANZ
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Round 10
Fri, 15 MayTimes shown AEST
CBY vs SYD 19:35ANZ
NQL vs BRI 19:351300 Smiles Stadium
Sat, 16 MayTimes shown AEST
PAR vs NZW 15:00Pirtek Stadium
GCT vs CRO 17:30Cbus Super Stadium
MEL vs SOU 19:30AAMI
Sun, 17 MayTimes shown AEST
STG vs CBR 14:00WIN
NEW vs WST 16:00HS
Mon, 18 MayTimes shown AEST
MAN vs PEN 19:00BO
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Round 11
Fri, 22 MayTimes shown AEST
SOU vs PAR 19:45ANZ
Sat, 23 MayTimes shown AEST
WST vs NQL 19:30CSS
Sun, 24 MayTimes shown AEST
CBR vs CBY 16:00GIO Stadium
Mon, 25 MayTimes shown AEST
NEW vs BRI 19:00HS
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Round 12
Fri, 29 MayTimes shown AEST
PEN vs PAR 19:45Pepper Stadium
Sat, 30 MayTimes shown AEST
GCT vs SOU 15:00Cbus Super Stadium
CBR vs BRI 17:30GIO Stadium
NQL vs MAN 19:301300 Smiles Stadium
Sun, 31 MayTimes shown AEST
NZW vs NEW 14:00MSS
STG vs CRO 16:00Jubilee Oval
Mon, 01 JunTimes shown AEST
SYD vs MEL 19:00AS
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Round 13
Fri, 05 JunTimes shown AEST
BRI vs MAN 19:35SUN
WST vs GCT 19:35VAS
Sat, 06 JunTimes shown AEST
NEW vs CBR 15:00HS
SOU vs NZW 17:30nib Stadium
PEN vs MEL 19:30Pepper Stadium
Sun, 07 JunTimes shown AEST
CRO vs SYD 16:00Remondis Stadium
Mon, 08 JunTimes shown AEST
CBY vs STG 16:00ANZ
PAR vs NQL 19:00Pirtek Stadium
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Round 14
Fri, 12 JunTimes shown AEST
WST vs SOU 19:45ANZ
Sat, 13 JunTimes shown AEST
NZW vs SYD 18:00MSS
Sun, 14 JunTimes shown AEST
GCT vs CBY 16:00Cbus Super Stadium
Mon, 15 JunTimes shown AEST
MEL vs PAR 19:00AAMI
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Round 15
Fri, 19 JunTimes shown AEST
MAN vs WST 19:45BO
Sat, 20 JunTimes shown AEST
CBR vs NQL 15:00GIO Stadium
GCT vs NZW 17:30Cbus Super Stadium
CBY vs PEN 19:30ANZ
Sun, 21 JunTimes shown AEST
NEW vs CRO 14:00HS
MEL vs BRI 16:00AAMI
Mon, 22 JunTimes shown AEST
STG vs SYD 19:00AS
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Round 16
Fri, 26 JunTimes shown AEST
BRI vs NEW 19:35SUN
SOU vs MAN 19:35ANZ
Sat, 27 JunTimes shown AEST
NZW vs CBR 15:00MSS
NQL vs CRO 17:301300 Smiles Stadium
PAR vs STG 19:30Pirtek Stadium
Sun, 28 JunTimes shown AEST
SYD vs GCT 14:00AS
WST vs PEN 16:00VAS
Mon, 29 JunTimes shown AEST
CBY vs MEL 19:00Belmore Sports Ground
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Round 17
Fri, 03 JulTimes shown AEST
PEN vs SOU 19:45Pepper Stadium
Sat, 04 JulTimes shown AEST
STG vs NQL 19:30WIN
Sun, 05 JulTimes shown AEST
MAN vs CRO 16:00BO
Mon, 06 JulTimes shown AEST
WST vs PAR 19:00ANZ
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Round 18
Fri, 10 JulTimes shown AEST
CBR vs NEW 19:45GIO Stadium
Sat, 11 JulTimes shown AEST
PEN vs SYD 17:30Pepper Stadium
CBY vs BRI 19:30ANZ
Sun, 12 JulTimes shown AEST
NZW vs MEL 14:00MSS
CRO vs STG 16:00Remondis Stadium
Mon, 13 JulTimes shown AEST
GCT vs MAN 19:00Cbus Super Stadium
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Round 19
Fri, 17 JulTimes shown AEST
PAR vs CBY 19:35ANZ
MEL vs PEN 19:35AAMI
Sat, 18 JulTimes shown AEST
CBR vs CRO 15:00GIO Stadium
NEW vs GCT 17:30HS
STG vs SOU 19:30SCG
Sun, 19 JulTimes shown AEST
SYD vs NZW 14:00AS
BRI vs WST 16:00SUN
Mon, 20 JulTimes shown AEST
MAN vs NQL 19:00BO
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Round 20
Fri, 24 JulTimes shown AEST
BRI vs GCT 19:35SUN
WST vs SYD 19:35ANZ
Sat, 25 JulTimes shown AEST
NZW vs MAN 15:00MSS
SOU vs NEW 17:30ANZ
MEL vs STG 19:30AAMI
Sun, 26 JulTimes shown AEST
PEN vs CBR 14:00Pepper Stadium
CBY vs CRO 16:00Belmore Sports Ground
Mon, 27 JulTimes shown AEST
NQL vs PAR 19:001300 Smiles Stadium
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Round 21
Thu, 30 JulTimes shown AEST
NZW vs CRO 22:00MSS
Fri, 31 JulTimes shown AEST
NQL vs CBR 00:001300 Smiles Stadium
STG vs NEW 00:00Jubilee Oval
SOU vs PEN 00:00ANZ
SYD vs CBY 00:00AS
MAN vs BRI 00:00TBA
WST vs MEL 00:00VAS
GCT vs PAR 00:00Cbus Super Stadium
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Round 22
Thu, 06 AugTimes shown AEST
NZW vs STG 22:00MSS
Fri, 07 AugTimes shown AEST
BRI vs CBY 00:00SUN
NEW vs SYD 00:00HS
CBR vs WST 00:00GIO Stadium
MAN vs SOU 00:00BO
CRO vs NQL 00:00Remondis Stadium
MEL vs GCT 00:00AAMI
PAR vs PEN 00:30TIO
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Round 23
Thu, 13 AugTimes shown AEST
BRI vs STG 00:00SUN
CBY vs GCT 00:00TBA
NQL vs SOU 00:001300 Smiles Stadium
PEN vs NZW 00:00Pepper Stadium
CBR vs MAN 00:00GIO Stadium
SYD vs PAR 00:00AS
CRO vs MEL 00:00Remondis Stadium
WST vs NEW 00:00CSS
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Round 24
Wed, 19 AugTimes shown AEST
NZW vs NQL 22:00MSS
Thu, 20 AugTimes shown AEST
STG vs PEN 00:00WIN
SOU vs CBY 00:00ANZ
SYD vs BRI 00:00AS
MAN vs PAR 00:00BO
CRO vs WST 00:00Remondis Stadium
MEL vs NEW 00:00AAMI
GCT vs CBR 00:00Cbus Super Stadium
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Round 25
Thu, 27 AugTimes shown AEST
PAR vs CRO 00:00Pirtek Stadium
NEW vs CBY 00:00HS
SOU vs BRI 00:00AS
CBR vs PEN 00:00GIO Stadium
MAN vs SYD 00:00BO
MEL vs NQL 00:00AAMI
WST vs NZW 00:00CSS
GCT vs STG 00:00Cbus Super Stadium
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Round 26
Thu, 03 SepTimes shown AEST
BRI vs MEL 00:00SUN
CBY vs NZW 00:00ANZ
NQL vs GCT 00:001300 Smiles Stadium
STG vs WST 00:00ANZ
PAR vs CBR 00:00Pirtek Stadium
PEN vs NEW 00:00Pepper Stadium
SYD vs SOU 00:00AS
CRO vs MAN 00:00Remondis Stadium
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Brisbane Broncos 8 6 2 0 12
Melbourne Storm 8 5 3 0 10
North Queensland Cowboys 8 5 3 0 10
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South Sydney Rabbitohs 8 4 4 0 8
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