yum repolist not showing repositories assigned on Satellite

Issue

• yum on a Satellite-5 client is not showing repos assigned on Satellite webUI, for example:

  [root@sat-client ~]# yum -v repolist
  Config time: 0.010
  Yum version: 3.4.3
  Setting up Package Sacks
  repolist: 0
  

• Re-registering the client to Satellite doesn't fix the problem.

• Altering client channels subscription on Satellite doesn't fix the problem.