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James Packer Buys South Sydney Rabbitohs

James Packer Buys into South Sydney Rabbitohs

Written By Carla Harris

James Packer Rugby Team

The owner of leading gaming and entertainment conglomerate Crown Resorts Limited, James Packer, recently bought ownership in Australia's National Rugby League premiership champions, the South Sydney Rabbitohs. In a deal that was finalized on Thursday, October 23rd, Packer acquired a 37.5 per cent share in the South Sydney Rabbitohs (commonly known as the Souths) from prominent businessman Peter Holmes à Court. The $7.5 million purchase positioned Packer alongside Hollywood movie star Russell Crowe as an official co-owner of the South Sydney rugby club.

His newfound ownership in the Souths has a great deal of personal relevance for Packer, who began working at Crown Resorts Limited under the guidance of his late father Kerry. Before his death in 2005, Kerry Packer had been a longtime fan and supporter ofthe South Sydney Rabbitohs. Over the course of his career, the legendary investment professional helped lead his beloved Souths to anumber of championship performances.

After the October 23rd transaction was complete, James Packer released a statement declaring, "This is a very proud day for myfamily." He went on to discuss his father’s long history and passionate association with Souths. “And now being a co-owner with RussellCrowe and the members,” Packer said, “is an honour and a privilege.”

Forming Blackcourt League Investments in 2006, Russell Crowe and Peter Holmes à Court originally paid $3 million to acquire 75 percent of the Souths. In the wake of the recent deal, ownership of Blackcourt League Investments was equally divided between Packer and Crowe.

Of considerable note is Quinn’s epically calm reaction to the win against the backdrop of screams and celebrations from her Melbourne Kings team members. She remained still for a good few minutes before requesting a photograph be taken of her on her camera phone.

Running for its 6th successful year, the DPA’s Championship provides the opportunity for deaf and hearing-impaired players who have a passion for the game to use a combination of Australian sign language and regular speech at Poker tables.

Quickly gaining in popularity, next year’s DPA event will be appended to the Australia New Zealand Poker Tour (ANZPT).

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