Souths worth 20 million ??

Discussion in 'General Discussion Forum' started by robbiea, Mar 17, 2006.

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  1. robbiea

    By:robbieaMar 17, 2006
    Well-Known Member
    Super Coach Member 2018 Tipping Competitor

    Oct 26, 2004
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    Souths worth at least $20m: Morris
    Thursday, March 16, 2006 - 6:34 PM

    St George Illawarra's privatisation deal with a regional television network is proof South Sydney is worth at least $20 million, according to former Souths Juniors boss Henry Morris.

    But the assertions were strenuously denied by Peter Holmes a Court, who along with Russell Crowe needs a 75 per cent share of the vote at an extraordinary general meeting on Sunday to secure their $3 million bid for the Rabbitohs.

    WIN Corporation has announced it had purchased a quarter share in the Steelers Club for $6.5 million, which is struggling to pay back a loan of $8 million to its joint venture partner, the St George Leagues Club.

    The financial boost, for which WIN will acquire 24 per cent of the joint venture, will see Wollongong maintain its quota of hosting half of the Dragons NRL matches at WIN Stadium each year and enable the Steelers Club to work towards financial viability.

    Morris, who heads the anti-privatisation campaign, said the Dragons deal was further proof the Crowe-Holmes a Court bid for the Rabbitohs was too low.

    "That $6.5 million shows we have been vindicated, I just can't believe it can be suggested 75 per cent of Souths could be sold for $3 million," Morris said
  2. Nutzcraw

    By:NutzcrawMar 17, 2006
    Active Member

    Oct 5, 2005
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    I don't care what they think they are worth... but i know they should go with peter holmes a court and russell on sunday!!
  3. byso

    By:bysoMar 17, 2006
    Well-Known Member

    Jul 19, 2004
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    They're not worth 20c
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