Parramatta Leagues Club board sacked, administrator appointed

[Twizzle]

what would be the point if its just speculation ?

 

[Snoochies]

NRL need to go back and look at the fantasy style option rather than the cap. https://www.smh.com.au/sport/nrl/po...verhaul-of-the-cap-system-20100721-10l50.html

 

[Glenn]

Are we allowed to speculate on who this Fwit whistleblower is?

How many people have been let go in the last 12 months? Is it a LARGE list.

 

[Gronk]

I get whistleblowers who out big polluters, corporations who are riipping off the community. Erin Brockovich, Watergate, Pedo priests blah blah.

But if true, that some disgruntled former employee is getting a boner because he thinks that he has a gotcha revenge moment over a club based on rents being less than "market". Bit of a merkin really.

 

[T-Boon]

I get whistleblowers who out big polluters, corporations who are riipping off the community. Erin Brockovich, Watergate, Pedo priests blah blah.

But if true, that some disgruntled former employee is getting a boner because he thinks that he has a gotcha revenge moment over a club based on rents being less than "market". Bit of a merkin really.

Well said. The powers that be have been working hard for decades to de-stigmatise the term "whistleblower" and this kind of junk dobber/journalism really sets that effort back.

 

[parramaniac2516]

The Nrl and state government appointed this board to fix the salary cap cheating..so wouldnt it look bad if this continued on after they got involved and appointed the administration. Nothing will come of this and if so at worst a fine.

 

[Noise]

what would be the point if its just speculation ?

If someone posted:
The following executives have left the club in the past year ....
And listed those names that would be fact not speculation

 

[Happy MEel]

So members have received an email and Max is pretty emphatic that we’re sweet.

 

[Gronk]

https://www.parraeels.com.au/news/2...-update-in-relation-to-salary-cap-compliance/

Dear Members

I am writing to you in relation to a media report this morning regarding allegations in relation to the Parramatta Eels salary cap compliance.

I want to assure Members and fans that the claims aired in the article are categorically untrue and have no substance or evidence to support them.

Since I was appointed as the Administrator of Parramatta Leagues Club in July 2016, the Parramatta National Rugby League Club (PNRL) has been fully compliant with the National Rugby League Salary Cap, as confirmed by the NRL on numerous occasions over the last two years.

The 2017 salary cap was audited by the NRL Salary Cap auditors and was proven to be compliant and in 2018 PNRL’s Salary Cap was subject to a recent mid-year audit by the NRL Salary Cap auditors and was proven to be compliant.

More specifically to the allegations regarding subsidised accommodation for players, for any apartments owned by Parra Leagues and occupied by a Parramatta Eels player, there is complete transparency with the NRL. The Club has provided the NRL Salary Cap auditors with all player payment reconciliations since 2016 and these reconciliations detail the amounts related to the use of an apartment.

The NRL has consistently reviewed the amount designated to be included in these player payment reconciliations and the NRL Salary Cap auditors have consistently advised over the last two years that they are comfortable with the amounts provided for any player’s use of any Parra Leagues -owned apartment occupied by a Parramatta Eels player.

Since July 2016, there has been numerous audits and reviews of the business undertaken by the National Rugby League, Liquor and Gaming NSW, the Australian Tax Office and Ernst & Young. None of these reviews and audits have found any impropriety in relation to the Eels salary cap compliance or highlighted the specific issues raised in today’s media.

While I accept that media has obligations in relation to public interest, I am nevertheless disappointed that the claims from a disgruntled former employee of Parra Leagues, who has no knowledge or involvement in the Eels salary cap process, has been aired without due process or the opportunity for the Club to provide its position.

Today we have had on-going dialogue with the NRL Integrity Unit and Salary Cap auditors and our discussions will continue. I am confident that there are no issues with our salary cap compliance.

I want thank Members for their continued support and will keep you up to date with any further developments.


Regards

Max Donnelly
Administrator, Parramatta Leagues Club
Director, Parramatta National Rugby Club Pty Limited (PNRL)

 

[hineyrulz]

Max sounds confident, EAD Tabamerkinoff.

 

[eels_fan]

Max has made an entire career out of following rules & regulations. Every i is dotted & T would be crossed with him overlooking everything. There is a better chance of us winning the competition in 2018 than us having cheated under Max’s nose.

 

[Suitman]

Max has made an entire career out of following rules & regulations. Every i is dotted & T would be crossed with him overlooking everything. There is a better chance of us winning the competition in 2018 than us having cheated under Max’s nose.

Authorities are believed to be investigating whether some of the properties made available to Eels players as part of their contracts may have been declared at far below market rent to the NRL.

These documents show some of the units in “the Bronx” and other prime Parramatta locations were being declared in the salary cap at the apparent bargain basement price of $100-$150 a week, or $5200-$7800 a year.

But when this journalist checked, two-bedroom properties in the same vicinity as “the Bronx” were being advertised for rent at three to four times this value, at $380-$450 a week, or $19,760-$23,400 a year. There is a concern that a much higher rental value for these properties should have been included in the salary cap.

I was thinking about this today.
Nick Tabakcock is quoting 2 bedroom units - which they probably are. There could be as many as 3 - 4 players in each unit.
Is it possible that the $100- $150 per week ($5200 - $7800 per annum) is what has been attributed to EACH players contract for salary cap purposes, therefore making the rent look under-valued, whereas if each unit had 3 -4 players in it, the rental value of the unit would actually be more akin to market value?
Not sure if I'm missing something here. Could this be possible?

 

[Gary Gutful]

I wonder if the whistle blower made a buck out of this

If so, Tabacock will be asking for his money back.

 

[T-Boon]

Walkley Nazi says "No Walkley for you".

 

[Eelogical]

It would probably be counted against our cap if the whistle blower received a payment.

 

[Soren Lorenson]

You know what would be nice? The NRL coming out and saying 'no, we have closely worked with these guys and everything is all above board. We've been checking.'
But that would be too much to ask I suppose.

 

[Barry O'Speedwagon]

I was thinking about this today.
Nick Tabakcock is quoting 2 bedroom units - which they probably are. There could be as many as 3 - 4 players in each unit.
Is it possible that the $100- $150 per week ($5200 - $7800 per annum) is what has been attributed to EACH players contract for salary cap purposes, therefore making the rent look under-valued, whereas if each unit had 3 -4 players in it, the rental value of the unit would actually be more akin to market value?
Not sure if I'm missing something here. Could this be possible?

Those were my initial thoughts precisely.

 

[I'm a loser baby...]

Time for a beer and watching Kent foaming at the mouth.

 

[Eelogical]

I was thinking about this today.
Nick Tabakcock is quoting 2 bedroom units - which they probably are. There could be as many as 3 - 4 players in each unit.
Is it possible that the $100- $150 per week ($5200 - $7800 per annum) is what has been attributed to EACH players contract for salary cap purposes, therefore making the rent look under-valued, whereas if each unit had 3 -4 players in it, the rental value of the unit would actually be more akin to market value?
Not sure if I'm missing something here. Could this be possible?

I'm sure you're right. I've seen several people in a unit on video.

 

[I'm a loser baby...]

FFS, even Kent doesn't think we're going to have a problem. Case closed.