Just $500 cash, $75 million in debt: The parlous state of former Melbourne Rebels boss’s finances
By Carla Jaeger,Sarah Danckert
Copyright smh
The documents show Docherty – who once rubbed shoulders with sports administrators, politicians and Melbourne’s ultra-wealthy – has “tools of trade” worth $1500 and shares in 55 companies that he says are just $1 each.
He lists his current residential address as his accountant’s office in Camberwell.
Docherty has been in financial difficulty for more than a year after a series of his businesses collapsed under the weight of unpaid debts, including to the ATO.
Most significantly, this included the Melbourne Rebels, which collapsed into administration in January 2024, owing its creditors $23 million, including more than $11 million to the tax office for not passing on pay-as-you-go tax from player and staff wages.
