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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