Melbourne Rebels directors have overcome opposition from Rugby Australia to win more time from a court as they attempt to save the debt-ridden Super Rugby club.
Federal Court Judge Catherine Button granted a 60-day extension on Thursday that will now allow the Rebels board to propose an alternative arrangement to creditors, in an attempt to avoid liquidation.
The Federal Court has granted the Melbourne Rebels administrators until April to hand down their final report.Credit: Australian Financial Review
Rugby Australia had opposed the bid in a creditors meeting on Monday and was instead pushing for the club to be liquidated.
PwC was appointed as administra…
Read the full article at: https://www.smh.com.au/sport/rugby-union/rugby-australia-wanted-to-liquidate-the-rebels-a-court-gave-the-club-a-lifeline-20240222-p5f6vu.html