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Rumours and Stuff

phantom eel

First Grade
Messages
6,327
Well there's a Daily Telegraph story searchable online (but currently inaccessible due to "an error") about our sacking of eight senior staff members, including the CEO of our Premiership Club... could be related to BA's bad news?
 

hindy111

Post Whore
Messages
62,997
I doubt it has anything to do with Hayne - Unless we signed him why would you go on TV to say we are not signing him?
Could also be to do with Foran.
 

phantom eel

First Grade
Messages
6,327
I doubt it has anything to do with Hayne - Unless we signed him why would you go on TV to say we are not signing him?
Because Hayne lives his life (and contract hype) through the media.
Could also be to do with Foran.
True... but hopefully Arthur would view that as not his situation to need to talk about anymore.

Could be about the club settling Hoppa's court case, and the impact of that on our 2017 cap meaning we can't bid for Hayne... lol.
 

Bazal

Post Whore
Messages
103,487
Knowing Fletch it's just as likely to be part of that stupid section with the bald merkin "Professor" or whatever
 

phantom eel

First Grade
Messages
6,327
Ok, I'm in... COO Criag Beed is gone too. Terminations/redundancies made by Bevan Paul.

http://www.dailytelegraph.com.au/sp...b/news-story/3b4176eaed17b5a59db1b041e7cdef1a

Parramatta Eels sack eight senior staff members, including the CEO of its controversial Premiership Club
3b4176eaed17b5a59db1b041e7cdef1a

Nick Tabakoff Editor-at-Large, The Daily Telegraph
44 minutes ago

PARRAMATTA wielded the axe on some of its most senior employees late Monday, with the Eels terminating eight staff — including chief operating officer Craig Beed and the CEO of its controversial Premiership Club, John Chedid.

The club confirmed that “a review of the structure and resources within the PNRL has been undertaken and a number of roles within the organisation have regrettably been made redundant”.

Apart from Mr Beed and Mr Chedid, other notable terminations performed in person by interim CEO Bevan Paul included media manager Hugh Humphreys, digital media specialist Sarah Neill, and the executive assistant to Mr Chedid. The roles will not be replaced.

The redundancy of Mr Chedid — who was earning $150,000 a year — is particularly significant. His departure is the final nail in the coffin of the Eels’ controversial Premiership Club, which ex-Parramatta directors discussed using to get around the NRL’s salary cap by trying to source third party agreements.

At one point in transcripts of secret tapes of Eels board meetings obtained by The Telegraph from February this year, former chairman Steve Sharp claimed that the club needed to “sail against the wind” through the Premiership Club. He was recorded backing the use of $300,000 of Premiership Club funds to secure a single proposed $30,000 illegal third party agreement for departed star Kieran Foran.

In board meetings, now-sacked Eels directors also openly stated that The Premiership Club’s purpose was to “get people involved to tap on the shoulder for third parties”: a blatant breach of the NRL’s rules.

Mr Chedid did not return The Telegraph’s calls.

It is understood the new administration believes The Premiership Club’s $300,000-plus in losses are simply not sustainable, particularly given the questionable way in which it has operated.

The Premiership Club was set up by the Eels as a high-end business network with about 15 members — most notably property developers — schmoozing them with trips to interstate State of Origin matches and opportunities to meet Eels players.

But it ultimately proved spectacularly unsuccessful in its secret mission — to ask its members to pay under-the-table TPAs to key players like Foran in breach of the salary cap — with few of these TPAs actually proceeding. There is no suggestion Foran did anything wrong.

The redundancies mean 25 separate positions have now been axed at Parramatta since the NRL made its final rulings against the club last month — including a total of 14 board positions at the Eels and its parent, the Parramatta Leagues Club, plus most of the senior executive roles at the club.

Mr Paul said the club’s massive losses in the wake of the salary cap scandal, which are estimated to be topping $10 million, were a key motivation for the move: “Due to matters which have been well publicised this year, the Parramatta Eels NRL (PNRL) club will run at a very significant financial loss against its budget in 2016.”

He added that the “necessary action” to terminate the staff was required “to ensure the club could reallocate resources to the core functions of its business and invest in the capabilities required to move the club forward”.

Going forward, the club will cease to have Mr Beed’s chief operating officer role. It has already commenced a search for a new CEO, head of football and commercial boss.

While some were tight-lipped about their departures, others were more open. Mr Humphreys gave a special mention to Brad Arthur and the players who he said were “absolute legends to work alongside”. Ms Neill said the club was filled with “good people”, and “good and bad memories”.
 

phantom eel

First Grade
Messages
6,327
The implication of the sackings of back room footy staff and management is that the budget for the footy operations is now smaller than what was promised to BA on signing.

Perhaps these salary cap shenanigans may even result in the trigger for a get out clause in Arthur's contract, should he wish to take it...
 

emjaycee

Coach
Messages
13,844
All just small steps toward Max eventually relocating our team to Perth ...

19-conspiracy-theories-that-turned-out-to-be-true-u1.jpg

The implication of the sackings of back room footy staff and management is that the budget for the footy operations is now smaller than what was promised to BA on signing.

Perhaps these salary cap shenanigans may even result in the trigger for a get out clause in Arthur's contract, should he wish to take it...

Sorry Bart but are you serious? Do you look for "chicken little sky is falling shit" in everything that happens?

One implication is that Chedid was paid an executive level salary to be the CEO of the Premiership Club which met none of its objectives and has no doubt been shut down. Let's save $300k by releasing the CEO and his EA from a redundant part of the company.

Another implication is that the media team has been unable to meet the objectives of their manager and he decided to restructure his team and bring in a new lot of people with the experience and skills that he wants in his team.

But no, let's spin it that maybe some back office redundancies are a trigger for BA to exit his contract early.
 

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