A historic Brisbane pub, renowned for its vibrant connection to the sporting community, has been acquired by billionaire and NRL mogul Nick Politis for a staggering $50 million.

Nick Politis, the chairman of the Sydney Roosters, finalized the purchase of the iconic Caxton Hotel after conducting private negotiations with the previous owners over several months.

This sale marks a significant moment, as the pub, nestled in Petrie Terrace, changes hands for the first time in 30 years. The Farquhar family has successfully operated the beloved establishment for over two decades.

The Caxton Hotel holds a cherished place in Australian sports culture. Its close proximity to Suncorp Stadium, also known as Lang Park, has made it a favorite gathering spot for more than 150 years.

Each week during the NRL season, Brisbane Broncos fans flock to the venue, while during State of Origin, the hotel transforms into a passionate hub for Maroon supporters as Queensland and New South Wales battle it out.

An enduring tradition during the State of Origin series is the sight of the New South Wales Blues team bus making its way down Caxton Street, a moment that has been celebrated for many years.

As the bus passed the Caxton Hotel full of Queensland fans, insults and sometimes beer cans were hurled at it.

It was a controversial decision, as then NSW coach Michael Maguire wanted to keep up with tradition, but it was backed by the ARL Peter Vlandys.

“I agree with Queensland police. The bus would end up with no wheels, windscreen wipers and there would be 14 Queenslanders on the roof,” he said at the time.

It is not known if Politis will make any major changes to the pub under his ownership.