The Melbourne Rebels will continue their bid for survival in a victory for the club’s former directors.
The directors for the Melbourne Rebels have secured a major victory against Rugby Australia after creditors voted to support a rescue deal to save the debt-laden Super Rugby club.and the Melbourne Rebels’ directors.Credit:Two sources who attended the meeting, who declined to be named for professional reasons, said the administrator had the deciding vote after the creditor vote was tied on the consortium deal.
The group will now have 30 days to negotiate with the peak body for the sport and the tax office. If unsuccessful, the consortium will then have 60 days – or a date approved by the administrators – to commence legal proceedings to wrangle back the licence. If they’re still unable to claim back the licence, or be released from their director penalty notice, the deal will collapse, and the consortium will no longer have any claim to the company.
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