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SOUTH Sydney officials have been considering an ownership model for life after Russell Crowe similar to that of American football's Green Bay Packers, in which fans would be able to buy shares in the club.
Rabbitohs chairman Nick Pappas and chief executive Shane Richardson yesterday confirmed that the Oscar-winning actor had advised them six weeks ago he intended to sell his 37.5 per cent stake at the end of next season and said it was up to him to find a buyer.
However, Souths members have the first option on Crowe's shareholding and that of his business partner Peter Holmes a Court, who is yet to decide whether he wants to remain involved.
The precedent for co-operative ownership is the Green Bay Packers in the USA. The Packers are the only non-profit, community-owned major league professional sports team in the United States.
At 8:30 p.m on 29 December ABC1 showed the first of four programs on the People's Supermarket in the UK. The programs were first broadcast on Channel 4 in the UK in early 2011. The People's Supermarket was established in May 2010. Is the People's Supermarket a food co-operative or is it something else?
On behalf of all States and Territories, on 8 November 2011 NSW Fair Trading invited submissions on reporting requirements for small co-operatives. Submissions closed on the 7 December 2011. Seven submissions were received from - NSW Department of Education and training, the Co-operative Federation of Victoria Ltd, the Australian Accounting Standards Board, Co-operatives WA, Mark Snell and the Sydney Live Steam Locomotive Society Co-operative Ltd.