BILLIONAIRE James Packer is close to finalising negotiations to buy Peter Holmes a Courts stake in the South Sydney Rabbitohs.

The Daily Telegraphcan reveal the Crown chairman has been negotiating to buy the 37.5 per cent for more than a year.

Recent negotiations have been shrouded in secrecy with Mr Packer and Mr Holmes a Court determined to ensure the deal did not overshadow the Rabbitohs’ march towards their historic premiership. The Daily Telegraph understands a multimillion-dollar deal is on track to be announced within days.

Read more on this exclusive story at The Daily Telegraph.