They competed in National Rugby League season 2007 under the new ownership of Russell Crowe and Peter Holmes à Court and with a new coach in Jason Taylor.

[1] The club finished the regular season 7th (out of 16) and were knocked out of the play-offs by eventual grand-finalists Manly-Warringah.

The Rabbitohs' co-captain, Kiwi international forward David Kidwell, then fell in a freak accident at a family barbecue and injured his knee.

For the first time in 18 years the South Sydney Rabbitohs made it to the finals series, finishing in 7th position.

Gains Losses Re-Signings The National Australia Bank was the Rabbitohs major home sponsor for the 2007 Telstra Premiership.