Melbourne Rebels are on the brink of collapse just weeks out from the Super Rugby Pacific season, with the franchise having entered voluntary administration amid mounting debts.
Rumours of the Rebels’ fraught financial position have circled since late last year, despite chief executive Baden Stephenson doing his best to play the reports down as “unfounded speculation circling in the media.“
But with a reported $[AU]9m debt owed to the Australian Tax Office and a further $1m to AAMI Park in stadium rental fees, the Rebels have called in insolvency firm Wexted Advisors, the Sydney Morning Herald reports.
The Rebels’ issues are tangled up with chairman Paul Docherty, who also cha…
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