According to Australian newspaper, the Sunday Telegraph, Peter Holmes a Court is stepping down as executive chairman of the South Sydney Rabbitohs, the National Rugby League team co-owned by Russell Crowe.
Apparently, this was planned all along, as Holmes a Court says that "I've been very hands-on and I've led the charge for three years. I always said I'd do it for the first three years and then hand over to someone else."
Also according to Holmes a Court, Crowe will appoint the next chairman. He will remain on the Rabbitohs board, and will play a part in team sponsorship.