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Parramatta Leagues Club board sacked, administrator appointed

Gronk

Moderator
Staff member
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77,708
Parramatta Eels post an official loss of more than $10 million for 2017 season

A better-than-expected performance from the Parramatta Leagues Club saved the group from posting a loss.

Beat up.
 

84 Baby

Referee
Messages
29,746
Note how Bernie never used the phrase 'the loss'.....AP just added that phrase at the start of the quote.
Imagine if they tried that terminology when describing a listed company. Football club is a wholly owned subsidiary. You can't post a loss total by ignoring all the applicable revenue. Actually f**k that I'm going to try that on my tax return
 

T.S Quint

Coach
Messages
14,595
Parramatta Eels post an official loss of more than $10 million for 2017 season

A better-than-expected performance from the Parramatta Leagues Club saved the group from posting a loss.

Beat up.

So we are covered for our losses.
That's what the Leagues Club is for. What the f**k is the big deal?
 

El Diablo

Post Whore
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94,107
Also, how many of the other clubs are having their annual reports looked into by the media?

I'm sure there's money being lost everywhere, apart from Brisbane.
C0GEskmUkAAQv8o.jpg
 

El Diablo

Post Whore
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94,107
http://www.smh.com.au/rugby-league/...lls-into-blues-boardroom-20180215-h0w5zw.html

Parramatta Eels faction fighting spills into Blues boardroom

Parramatta's factional infighting has spilled into the corridors of power at the Blues after Denis Fitzgerald challenged the right of his former teammate Geoff Gerard to stand at Friday's NSWRL board elections.

The cessation of the Eels' election cycles has ended the bitter battle for control of the blue and golds, but it appears the enmity between the protagonists hasn't abated. Gerard and Fitzgerald played together in the 1970s and worked collaboratively on the Parramatta board decades later. However, there was an apparent falling out after the latter, the self-proclaimed "emperor" of Parramatta, was sensationally ousted at the ballot box.

In a letter to NSWRL CEO David Trodden – obtained by Fairfax Media – Fitzgerald questioned whether Gerard was eligible to retain his place as a NSWRL director at Friday's annual general meeting. Fitzgerald pointed to the fact Gerard was an Eels director during their salary cap crisis.

"I was surprised that Geoff was standing [for re-election] because of Geoff being a director of the Parramatta NRL Club and the Parramatta Leagues Club, when the Independent Liquor and Gaming Authority sacked the total board in July 2016, when the authority found the Parramatta Leagues Club board had ceased to be effective and resolved to replace the board with a temporary administrator, Max Donnelly of Ferrier Hodgson," Fitzgerald wrote.

"Geoff no longer holds any position with the Parramatta Club and separate to that, it would seem to me that it does not reflect well on the NSWRL, if it continues to have a director, who has been a member of a board that has been sacked by a government authority.

"As a life member of the NSWRL, I am most concerned re the public perception of the NSWRL, should we have a director who was a member of a licensed club board, which was sacked by the NSW government. You would be aware that the Parramatta NRL club is fully owned by the Parramatta Leagues Club.

"Could you please confirm whether or not Geoff is eligible to stand for the board on this Friday afternoon at the AGM and whether in fact Geoff is standing?"

Gerard voluntarily resigned from Parramatta's NRL board and unequivocally supported ILGA's action in removing the leagues club board.

Gerard said he had pushed for the club to work with, rather than against, the NRL during the salary cap saga.

"I was always in favour of people coming in to fix the club," Gerard said.

"I pushed strongly for the board to work with the NRL in relation to the salary cap.

"It's sad that Denis can't move on, that's why there will always be political issues at Parramatta."

Despite Fitzgerald's query, there is nothing precluding Gerard from standing for the NSWRL board and he will do so unopposed. It appeared there could be a change of directors after Cronulla chairman Dino Mezzatesta was nominated to run, meaning either Gerard or former Bulldogs chairman Ray Dib could be squeezed out. However, Mezzatesta opted to withdraw from the race.

The Fitzgerald email clearly highlights there is no love lost as former Parramatta powerbrokers continue their feud long after they have left positions of power.
 

Gronk

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Storm in a teacup really. Fitzy questions Jethro’s right to stand bc of his history.

So what. We all know Fitzy is a looney toon. Next.
 

Gronk

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77,708
Bit of hyperbole hey???

Well David Trodden is a lawyer who had a successful practice in Balmain for 30 years. He does not need an old fart professional shit stirrer like Fitzy to remind him to conduct due diligence on NSWRL board candidates.

Proszenko lobbs this in the paper as a major story. Hyperbole ? Derp you can answer that yourself. I have full confidence in you.
 

hineyrulz

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153,770
Well David Trodden is a lawyer who had a successful practice in Balmain for 30 years. He does not need an old fart professional shit stirrer like Fitzy to remind him to conduct due diligence on NSWRL board candidates.

Proszenko lobbs this in the paper as a major story. Hyperbole ? Derp you can answer that yourself. I have full confidence in you.
Time to blow into a bag and have a sit down.

You may be getting dizzy.
 

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