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Melbourne Rebels CEO hits back at reports club's future is in doubt
By Finn Morton
CEO Baden Stephenson has hit back at claims that the Melbourne Rebels’ future is in serious doubt with multiple media outlets reporting that the club has up to $9 million AUD in the red.
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Australian media outlets have painted quite a dire picture over the past few days as murmurs and speculation about whether the Rebels could survive past 2025 began to surface.
News Corp understands that Rugby Australia is unable to step in and save the club from its financial woes, instead, it’s believed that the Rebels may merge with the Brumbies in the future.
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The Rebels reportedly owe a substantial amount to the Australian Taxation Office, with The Australian Financial Review revealing they need to pay around $1 million for the use of AAMI Park.
But Rebels CEO Baden Stephenson has dismissed the “recent negative media coverage” by endorsing the “extremely bright” future for the Melbourne-based Super Rugby franchise.
“In response to recent negative media coverage originating out of Sydney, the Melbourne Rebels wishes to address the speculations and set the record straight,” Stephenson said in a statement.
“Despite the unfounded speculation circulating in the media, we want to assure our supporters, stakeholders, and the wider community that the Melbourne Rebels’ future is extremely bright.
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“Our club is unwavering in its commitment to excellence both on and off the field in 2024 and will not be distracted by those who are seeking again to harm and disrespect our community.
“Led by Chairman Paul Docherty, the Board of Directors and our executive, our club has consistently benefited under a foundation of strong leadership, diverse thinking, invaluable experience, and an unwavering fighting spirit.
“We remain resolute in our stance against any form of intimidation or exploitation. Instead, we stand tall, recognising the honour and responsibility we bear in representing everyone in our community on both the national and international stages.”
The reports of the Rebels’ financial woes paint a disastrous picture ahead of Melbourne’s Super Rugby Pacific campaign in 2024.
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Out of all clubs in SRP, the Rebels have been among the most active ahead of the new campaign by signing some marquee talent to bolster their ranks.
Wallabies Taniela Tupou and Lukhan Salakia-Loto, one-Test All Black Matt Proctor and former Australian sevens star Darby Lancaster are among the recruits for the 2024 season.
