HomeRugbyMelbourne Rebels saved by private equity, sharing stadium with A-League club, Western...

Melbourne Rebels saved by private equity, sharing stadium with A-League club, Western United, Tarneit, former Qantas chairman Leigh Clifford leading consortium

The Melbourne Rebels may be saved by an 11th hour private equity cash injection that will see the bankrupt Super Rugby side relocate and share facilities with an A-League club.

A private equity-backed consortium led by former Qantas chairman Leigh Clifford says it’s close to raising $30 million to invest into the struggling Rebels.

The Rebels looked set to see out this season and then dissolve after being placed into voluntary administration in January with debts exceeding $23 million.

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But now there are plans to relocate the club to Melbourne’s western suburbs where a 15,000-seat stadium is being built in Tarneit for A-League side Western United.

Rugby Australia took back the Rebels’ licence when it entered administration…

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Neuro Adminhttps://sportyjones.com/
I'm Adam Smith, your go-to sports aficionado from the land down under. My heart beats for cricket, rugby, and Aussie Rules footy. With over a decade in sports writing, I bring you the inside scoop on all things sports at SportyJones.com. Let's dive into the action!
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