Eels Salary Cap MK III

[Barry O'Speedwagon]

Yep we know all that but I'm sure everyone is :roll: about the perceived "level playing field" and how the "cap works" rhetoric.

I'm sure everything is at arms length ;-). If not they better watch out cos they are an ASX listed company and odds on it would make ASIC very cranky.

So, which bit of my post do you disagree with, and on what basis?

 

[yy_cheng]

seriously?? you want to get rid of a guy with 2 years on his contract (which will have to be paid out) instead of someone who is off contract at the end of the year?

OK bad idea

 

[IFR33K]

So, Parra had a whistleblower or 2 who told them where to look and who were really happy to provide detail and documents to the NR. Do you really think that walking into other clubs and doing exactly the same stuff as occurs in their regular audits is going to make any difference? What exactly do you propose the auditor does? Go in and say 'tell us where you keep the secret recordings of board meetings?'

I like the idea of the NRL going after agents and leaning on them. That might bring up the whistleblower you need.

I'm not sure what the auditor does Barry, but he did sweet f**k all on his first visit earlier this year....

How about they check 750 000 documents like they did us. Surely that's a start? Seize computers and phones. Sound familiar? I'm talking a full blown out audit!

 

[IFR33K]

OK bad idea

Lmao

 

[Barry O'Speedwagon]

Nice houses are always good

People keep saying this, but......where is the evidence that the players were sold houses below market? Until someone presents that evidence, they're not going to be busted. The sale values (for the land at least) are matters of public record.

 

[yy_cheng]

People keep saying this, but......where is the evidence that the players were sold houses below market? Until someone presents that evidence, they're not going to be busted. The sale values (for the land at least) are matters of public record.

I thought they did but NRL let it slide

 

[El Diablo]

I like the idea that the Parramatta Rugby leagues club offers $500k-$1M to whistle blowers of other teams for TPA infringements.

That will make a mockery of the NRL.

WOuldnt it be funny


Parra, Nth Qld, Brisbane all playing for no points.

THen they strip off Easts, Souths and N Qld premiership

the NRL want no part of that though

 

[^b0ss^]

who is off contract at the end of the yr?
gordon
wicks
jrn...already gone.
can we add to that please least that will give us an idea of whos going.

 

[Gronk]

So, which bit of my post do you disagree with, and on what basis?

You speak truth Kemosabe.

 

[IFR33K]

People keep saying this, but......where is the evidence that the players were sold houses below market? Until someone presents that evidence, they're not going to be busted. The sale values (for the land at least) are matters of public record.

They flew up in the morning and back in the afternoon. By then they were cleared. I'm sure the NRL obtained valuations and comparable sales in that time. I'm also sure they traced bank account details on both ends to ensure there was also exchange of money. I'm also sure it was self reported by the North Queensland Cowboys too.

 

[yy_cheng]

the NRL want no part of that though

DO you think any whistle blower from Nth Qld or Broncs would take $500k and be mortgage free.

There must be some disgruntled ex-employee somwhere.

BTW, what came of Seward from the interviews.

 

[Barry O'Speedwagon]

I'm not sure what the auditor does Barry, but he did sweet f**k all on his first visit earlier this year....

How about they check 750 000 documents like they did us. Surely that's a start? Seize computers and phones. Sound familiar? I'm talking a full blown out audit!

When they took our records etc, they knew exactly what they were looking for within those documents.

Audit work starts with an assessment of risk of misstatement, and an assessment of risks in particular areas, and the auditor samples transaction according to the perceived risk levels. Sampling and verifying every transaction (and supporting docs) or huge numbers of transactions for a firm without any idea of what exactly you are looking for will take 100 years to do. In the case of the Eels the auditor was almost certainly looking for evidence to corroborate specific allegations made by whistleblowers. Then, of course, there's the likelihood that for other clubs there's bugger all to find in the club's records b/c they were heaps smarter about stuff.....i.e. not writing stuff down, and not using (allegedly) false or overstated invoices to cover payments to players.

 

[Barry O'Speedwagon]

They flew up in the morning and back in the afternoon. By then they were cleared. I'm sure the NRL obtained valuations and comparable sales in that time. I'm also sure they traced bank account details on both ends to ensure there was also exchange of money. I'm also sure it was self reported by the North Queensland Cowboys too.

Again......they had already investigate those transaction prior to the public suggestions. They didn't process this in a day. But people keep posting that they did, so that makes it true somehow.

NRL STATEMENT

NRL Head of Integrity, Nick Weeks said Salary Cap auditors had already reviewed some of the matters raised about the Cowboys today and had determined no further action was required.

?As any new information becomes available it will be reviewed by the auditors,? he said.

http://www.cowboys.com.au/news/2015/07/28/club_statement_salar.html

 

[ash411]

I'm not sure what the auditor does Barry, but he did sweet f**k all on his first visit earlier this year....

How about they check 750 000 documents like they did us. Surely that's a start? Seize computers and phones. Sound familiar? I'm talking a full blown out audit!

I hear Officeworks is having a sale on shredders this week... :lol:

 

[Jake the snake]

I hope the board has one last stand. And that's to royally f**k over the NRL.

Well they've stuffed our club already I'm sure they could do a job on the NRL as well.

#goodgovernance

 

[Barry O'Speedwagon]

You speak truth Kemosabe.

That's what I thought, maybe there was a missing word in the post.

 

[Jake the snake]

They flew up in the morning and back in the afternoon. By then they were cleared. I'm sure the NRL obtained valuations and comparable sales in that time. I'm also sure they traced bank account details on both ends to ensure there was also exchange of money. I'm also sure it was self reported by the North Queensland Cowboys too.

Source ?

 

[Snoochies]

Brisbane have it easier to keep good players on less money. It's a lot easier to live up here on a $500k contract than it is in Sydney. Corey Parker lives a couple minutes down the road, his house is on an acre or so, big flashy house with a pool for under $1 million and only 20 mins from the city. Compare that to what you can buy in Sydney. Obviously being a 1 town team 3rd party deals are easier to come by and more opportunities are available to them, they'll know doubt being earning a truck load more than most players. The Broncos wouldn't need to break the salary cap, the players are doing fine by other means no doubt.

 

[Miller was a legend]

I'm not sure what the auditor does Barry, but he did sweet f**k all on his first visit earlier this year....

How about they check 750 000 documents like they did us. Surely that's a start? Seize computers and phones. Sound familiar? I'm talking a full blown out audit!

Lie to them, refuse to cooperate, bury heads in sand and get what you got.

If they suspect others they will ask for relevant documentation, just like they asked Parra. If they don't cooperate they will do a forensic audit and that sir is the death knell if you are doing anything untoward.

Those dopes running your club clearly thought the NRL would be too dumb to find anything, let alone the invoicing issue. Idiots of the highest calibre.

 

[Chipmunk]

Brisbane have it easier to keep good players on less money. It's a lot easier to live up here on a $500k contract than it is in Sydney. Corey Parker lives a couple minutes down the road, his house is on an acre or so, big flashy house with a pool for under $1 million and only 20 mins from the city. Compare that to what you can buy in Sydney. Obviously being a 1 town team 3rd party deals are easier to come by and more opportunities are available to them, they'll know doubt being earning a truck load more than most players. The Broncos wouldn't need to break the salary cap, the players are doing fine by other means no doubt.

Do you know what the difference is in housing prices and the general cost of living between Townsville and Newcastle?