Embattled Super Rugby club Melbourne Rebels have received a huge boost in their attempts to stave off the axe with creditors approving their financial rescue plan over liquidation.
Creditors have approved a financial rescue plan for the Melbourne Rebels in a boost to the embattled club's chances of survival.Creditors have voted to accept a financial rescue plan for the cash-strapped Melbourne Rebels rather than liquidate the Super Rugby Pacific club.
The club went into voluntary administration in January with total debts of $23.1 million, with PwC voluntary administrator Stephen Longley stating in his report last week the club may have operated insolvent for more than five years.ABC Sport Daily is your daily sports conversation. We dive into the biggest story of the day and get you up to speed with everything else that’s making headlines.
It's understood the Victorian government advised RA that, in the absence professional rugby presence in the state, it could withdraw from bidding for future Wallabies Test matches and hosting the Rugby World Cup final.
Melbourne Rebels Liquidation Survival
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