MarkInTheStands
Coach
- Messages
- 15,428
Gronk,
This question was raised at the FC AGM in December. The response from the chairman had a few points.
1) He didn't believe 3P had that as a promise when elected.
2) He believed the current system worked well and saw no reason to change it.
I also want to be clear. Roy Spagnolo didn't run for the Football club board on the 3P ticket. Indeed I spoke with Roy after the election of the 3P team on two occasions before the Leagues Club election and on both times Roy was "considering" running and indeed considering what side to run with.
The constitution does not need to be amended. The issue is ownership of the NRL license. Currently the license has been granted to the Parramatta National Rugby League Club Limited (PNRLC or NRL / NYC operations), which is a fully owned subsidiary of the Parramatta Leagues Club Group (PLC). If that company was sold to the Parramatta District Rugby League Football Club (PDRLFC or Football Club.) for a dollar that would suffice as far as I understand. The problem comes down to the funding.
Last year the Leagues club subsidies the football operations to tune of 3.6 million and gave another Million to the PDRLFC as a Grant. As far as I understand, a parent organization can fund a child organization tax free. Whereas granting money to another organization starts to get taxed quite extremely once you get above a certain value (1.1 million or something like that). This is why the clubs organization was changed back in 1999, partially in preparation for a merger, partially to reduce the tax burden and partially to attract players as the leagues club would “guarantee” any contract, and in the wake of the Bears and Bunnies both leaving players out of pocket, that was seen as a positive.
This question was raised at the FC AGM in December. The response from the chairman had a few points.
1) He didn't believe 3P had that as a promise when elected.
2) He believed the current system worked well and saw no reason to change it.
I also want to be clear. Roy Spagnolo didn't run for the Football club board on the 3P ticket. Indeed I spoke with Roy after the election of the 3P team on two occasions before the Leagues Club election and on both times Roy was "considering" running and indeed considering what side to run with.
The constitution does not need to be amended. The issue is ownership of the NRL license. Currently the license has been granted to the Parramatta National Rugby League Club Limited (PNRLC or NRL / NYC operations), which is a fully owned subsidiary of the Parramatta Leagues Club Group (PLC). If that company was sold to the Parramatta District Rugby League Football Club (PDRLFC or Football Club.) for a dollar that would suffice as far as I understand. The problem comes down to the funding.
Last year the Leagues club subsidies the football operations to tune of 3.6 million and gave another Million to the PDRLFC as a Grant. As far as I understand, a parent organization can fund a child organization tax free. Whereas granting money to another organization starts to get taxed quite extremely once you get above a certain value (1.1 million or something like that). This is why the clubs organization was changed back in 1999, partially in preparation for a merger, partially to reduce the tax burden and partially to attract players as the leagues club would “guarantee” any contract, and in the wake of the Bears and Bunnies both leaving players out of pocket, that was seen as a positive.
