Russell Crowe Plans to Sell NRL Stake

Russell Crowe is reportedly looking to sell his 25% stake in the South Sydney Rabbitohs, which he co-owns with billionaires James Packer and Mike Cannon-Brookes. Having purchased the share for $3 million in 2006, Crowe's stake is now valued between $15 and $20 million, with potential interest from both U.S. and Australian investors, including a specific U.S. investor conducting a business appraisal of the club. The Rabbitohs have had a disappointing 2024 season, finishing last and undergoing significant changes, including the sacking of coach Jason Demetriou and the return of veteran coach Wayne Bennett. Crowe's decision to sell follows a period of decreased visibility in the club's operations, despite his earlier involvement during their 2014 premiership win. The Rabbitohs' ownership structure consists of Crowe, Packer, Cannon-Brookes, and the membership, with the club now financially stable compared to its struggles in the past. Crowe's exploration of a sale comes amid broader personal property moves, including a potential $40 million apartment sale.