James Packer will reportedly buy a 37.5 per cent stake in the Rabbitohs.
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Australian billionaire businessmen James Packer is on the verge of finalising a deal to buy Peter Holmes a Court’s stake in the South Sydney Rabbitohs, according to reports.
The move would mean the casino mogul would become partners with Russell Crowe and bring extra financial support to one of the NRL’s most popular clubs, Fairfax Media reported on Wednesday.
Packer has been linked with Holmes a Court’s 37.5 per cent stake for over a year, and a Packer insider told The Daily Telegraph that the 47-year-old was definitely interested in buying into the Rabbitohs.
“James believes Souths has the potential to be the biggest and most successful football club in the country,” the insider said.
“He would love to play a part in building the club for the future.”
The Rabbitohs’ win on Sunday over the Bulldogs ended its 43-year wait for a premiership.