The Melbourne Rebels is expected to fall into voluntary administration as early as Thursday afternoon, adding to a long list of companies chaired by businessman Paul Docherty that have collapsed in the last two months.
The Australian Financial Review revealed last month that the rugby union club had outstanding tax bills and stadium fees that were unpaid as of last month, with debts of more than $10 million. On Thursday, Rugby Australia said it had asked the club to seek external advice about its finances.
The Melbourne Rebels are in voluntary administration. . Getty
RAs commitment is to address the financial matters concerning the Rebels directly with the Rebels, and to build long-term viability…
Read the full article at: https://www.afr.com/companies/sport/melbourne-rebels-headed-for-voluntary-administration-20240125-p5f00o