The club was formed in 1908 as one of the founding members of the New South Wales Rugby Football League, making them one of Australia's oldest rugby league teams. The Rabbitohs were formed, under their original 1908 articles of association with the NSWRL competition, to represent the Sydney municipalities of Redfern, Alexandria, Zetland, Waterloo, Mascot and Botany. They are one of only two NSW foundation clubs still present in the NRL, the other being the Sydney Roosters. The South Sydney District Rugby League Football Club is currently a subsidiary company 75% owned by Blackcourt League Investments which is, in turn, 50% owned by the actor Russell Crowe and 50% owned by James Packer's Consolidated Press Holdings; the other 25% is owned by the financial Members of the club.