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The ownership licence was handed to Harold Mitchell's consortium on 5 January 2010.
The following day the ARU announced restrictions on the Rebels, gagging the franchise from announcing their signings from other Australian Super rugby team players until 1 June 2010.
In September 2011 Oakley stood down from the Rebels and was succeeded by Steven Boland as CEO. The Rebels announced the succession plan, citing Boland's credentials as an executive at Visy and Veolia, and his presidency of the Parramatta Rugby Club during its rebuilding phase.
The VRU bid twice for a team in SANZAR's 'Super' provincial competition before being accepted for the 2011 season.
On 15 April 2013, Harold Mitchell announced that CEO Steve Boland had resigned, citing other opportunities.
The Rebels proved to be a financial drain on the Australian Rugby Union; the franchise was responsible for more than half of the ARU's deficit of A$6.3 million in fiscal 2014.
In June 2015, the ARU announced that the Rebels had been purchased by locally based Imperium Sports Management.
During the 2017 season the ARU announced that one Australian franchise would be axed from Super Rugby, as the competition was trimmed to 15 teams.
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