Australian hotel magnate and billionaire Jerry Schwartz is reportedly in advanced discussions to purchase Hollywood actor Russell Crowe's stake in the South Sydney Rabbitohs, one of the most iconic teams in the National Rugby League (NRL).
The potential deal has sent waves through the rugby league community, as Crowe, a long-time co-owner of the club, has been instrumental in revitalising the Rabbitohs since acquiring a majority stake in 2006.
Why This Deal Matters
Schwartz, a prominent businessman with a net worth exceeding £1 billion, is known for his investments in hospitality and property. His interest in the Rabbitohs signals a potential new era for the club, with fans eager to see how his business acumen could further elevate the team’s success.
Russell Crowe, who helped steer the Rabbitohs to their first NRL premiership in over four decades in 2014, has been a passionate advocate for the club. His potential exit raises questions about the future direction of the team.
What’s Next for the Rabbitohs?
If the deal goes through, Schwartz would join a consortium of high-profile owners, including businessman Peter Holmes à Court and media mogul James Packer. The move could bring fresh investment into the club, boosting its competitive edge in the NRL.
Fans are hopeful that Schwartz’s involvement will maintain the Rabbitohs’ strong community ties while driving commercial growth. The club, affectionately known as the 'Bunnies', has a loyal fanbase and a rich history in Australian rugby league.
Neither Schwartz nor Crowe has publicly commented on the negotiations, but insiders suggest an announcement could be imminent.
