Super Rugby team Melbourne Rebels shut down by Rugby Australia

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Rugby Australia has rejected a consortium's bid to take over debt-laden Super Rugby team Melbourne Rebels.

Australia will be left with four Super Rugby teams in 2025 - ACT Brumbies, Queensland Reds, Western Force and NSW Waratahs,

The team went into voluntary administration in January owing almost Aus$23 million — a large portion of it tax debt.stepped in to reclaim the club’s playing licence while paying staff wages for the 2024 season, before a consortium led by former Qantas chairman Leigh Clifford put forward a rescue plan.

“While this is undoubtedly a sad day for the Melbourne Rebels, the clarity that this decision provides for our players and staff is welcome,” they said.

Source: Loan Digest (loandigest.net)

 

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