One of Brisbane's most iconic pubs has been bought by a billionaire NRL boss for $50 million.

Sydney Roosters chairman Nick Politis has officially taken ownership of the famous Caxton Hotel pub after months of secret negotiations with the owners.

It's the first time the pub in Petrie Terrace has been sold for 30 years., having been operated by the Farquhar family for over two decades.

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The Caxton Hotel is one of the most well-known sports pubs in Australia, primarily due to its proximity to Suncorp Stadium or Lang Park, and has been opne for more than 150 years.

Brisbane Broncos fans gather there each week during the NRL season, and the pub becomes a sea of Maroon during St

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