Salary Cap

[Jake the snake]

Want happens if Sharp does step down??? Does the Power plunger ranger show get cancelled???

Or just shoved to a later time slot on Go and Gem between the infomercials????

:lol: so many questions, so many devastated power rangers like Gronk

 

[Jake the snake]

Gotta feel sorry for BA, he has had everything thrown at him his first 2 and a bit years at the club.

And none of it has been his fault, he's shown great leadership and man management skills. Hopefully this season isn't taken out of his hands.

It's hard for BA, it's so difficult when the board are scoring own goals against the club just purely based on their lack of professionalism and governance.

In BA we trust!!

 

[El Diablo]

so if the NRL think their auditors aren't good enough why not do this all the time?

http://www.theaustralian.com.au/spo...s/news-story/13f2e83592452b7721b4005e58bc98e1

NRL calls second auditor to probe Parramatta third-party deals

The Australian
March 12, 2016 12:00AM

Stuart Honeysett
Sports reporter
Sydney

The NRL will call in an external auditor, on top of a separate investigation by its own salary cap auditor Jamie L’Oste Brown, as it looks to get to the bottom of any deception by Parramatta with regards to third-party deals for players.

The latest development emerged yesterday as The Weekend Australian was told the club’s fans would be stuck with the board for another 15 months unless a motion of no confidence were passed at the annual general meeting in May.

The Eels have found themselves in the spotlight for all the wrong reasons again this week after it was revealed former players Jarryd Hayne, Ben Smith and Richie Fa’aoso had been paid third-party deals that could be in breach of the NRL’s salary cap.

Even more disturbing was the claim that chairman Steve Sharp and the board were aware of and endorsed the deals at a meeting in 2014.

The club is already being investigated for similar breaches involving backrower Anthony Watmough and Hayne again, and they now face the prospect of having competition points docked rather than a heavy fine if the deceit is found to be deliberate and/or on a large scale.

Global accountancy firm PricewaterhouseCoopers recently conducted a governance review of the club and the NRL could be reluctant to use it again as an external auditor to conduct the next investigation, believing it could represent a conflict of interest.

PwC came up with several changes to improve the club’s operations — including board elections every year, and only three directors having to stand for them — but these cannot be effected for at least 15 months as the constitution has to be changed first. This cannot happen until the AGM in May.

The pressure on chairman Sharp and his board, consisting of deputy chairman Tom Issa, Peter Serrao, Geoff Gerard, Tanya Gadiel, Andrew Cordwell and Paul Garrard, intensified yesterday following revelations that up to 50 staff had gone on an overseas trip to Seattle in November.

The trip was allegedly paid for by either the leagues club or the football club and was attended by Sharp, Issa and Serrao, and also included third-party sponsors of the football club.

However, an Eels spokesman last night said the trip had been for up to 40 players and coaching staff members, and had been fully costed into the budget for 2015.

 

[El Diablo]

http://www.dailytelegraph.com.au/bu...k/news-story/ef7ca9ab9ba63eed887a4ac87d6dd290

Eels feel Sharp end of NRL stick
March 11, 2016 4:36pm
NICK TABAKOFF EDITOR AT LARGEThe Daily Telegraph

THE NRL is sending in the shock troops to the Parramatta Eels, with a crack team of salary cap auditors, integrity unit investigators and forensic *accountants to set up camp in the club as early as Monday.

If the NRL’s answer to *Eliot Ness’s famous “Untouchables” rule that Parramatta deliberately hid third-party player payments, the team is likely to be docked premiership points and will lose money from their salary cap from 2017, forcing Eels coach Brad Arthur to shed players.

After days of revelations this week of systemic salary cap breaches, the view within the league is the position of chairman Steve Sharp and the Parramatta board is increasingly untenable.

It is understood NRL chairman John Grant has been in talks with Mr Sharp over the past two days, stressing the seriousness of the situation.

Many of the revelations in The Daily Telegraph this week had not previously been disclosed to the NRL by the club, despite the fact the game’s governing body had been told there had been full disclosure.

It is understood the NRL hopes to wrap up the investigation in as little as two weeks. But club insiders say the final timeframe could be months, even a year, as the scale of the breaches and documentation surrounding them becomes clear.

It is becoming increasingly clear that the only way for the NRL to move forward from the Eels disaster would be for the ARL Commission to work with a refreshed board.

The Saturday Telegraph understands the NRL is pushing Parramatta to fast-track the corporate governance reforms it promised to avoid the loss of four competition points.

But in the wake of this week’s revelations, the loss of competition points is back on the table if it is proved the club’s new salary cap infringements are deliberate.

There is also a fresh push in the club to search for younger, more suitably qualified and independent board directors.

Meanwhile, the Eels’ third-party arrangements revealed this week will have reverberations across all rugby league clubs, with the NRL launching an investigation of similar deals that fail the “smell test”.

The NRL is understood to be interested in third-party deals with lesser-known players who would not normally be expected to attract such sponsorships. It suspects some of them could be “top-up” payments to avoid the salary cap.

 

[El Diablo]

After days of revelations this week of systemic salary cap breaches

lol

this idiot thinks he's right

the Telegraph has never caught one club for breaches

they did one of these special investigations into the Titans years ago and then ended up looking like idiots after the NRL investigated and found it was bullshit

 

[El Diablo]

2010 http://www.dailytelegraph.com.au/sp...-salary-cap-saga/story-e6frexnr-1225852954142

But with no smoking gun and no documented proof, NRL salary cap auditor Ian Schubert has exonerated the Titans and their skipper.

The salary cap allegations were first aired by The Daily Telegraph on March 27 after Simpson and Titans CEO Michael Searle had an irreparable fallout over the incomplete $30 million Titans Centre of Excellence.

 

[hindy111]

Almost sounds like we are going into a war.

 

[IFR33K]

The rot won't end. We may as well be playing for no points.

 

[oldmancraigy]

So again, another article suggesting that this is all about a power grab.

Can we move a motion banning Fitzy and Spags from membership for 'bringing the club into disrepute' with this crap....

 

[IFR33K]

So again, another article suggesting that this is all about a power grab.

Can we move a motion banning Fitzy and Spags from membership for 'bringing the club into disrepute' with this crap....

Regardless, with the NRL going over us over and over again, I'm sure some breaches are going to be uncovered.

Even if we escape points deductions, surely it'll take its toll on either the players or coaches.

 

[Twizzle]

So Fitzy got his wish

 

[hineyrulz]

Regardless, with the NRL going over us over and over again, I'm sure some breaches are going to be uncovered.

Even if we escape points deductions, surely it'll take its toll on either the players or coaches.

Agreed, it can't be helping no matter what the coach and playing group say.

We need to do a Manly and go full siege mentality mode the whole year.

 

[Kornstar]

I don't remember the Storm or Dogs having a reduced salary cap after their massive breaches?

 

[Mickyd39]

Who gives a f*ck about this shit. It's game day merkins FIRE UP!

 

[eels81236]

It's probably lucky that we are parramatta and located where we are. If we were some other teams they'd consider taking the nrl licence off us.

 

[Jake the snake]

Regardless, with the NRL going over us over and over again, I'm sure some breaches are going to be uncovered.

Even if we escape points deductions, surely it'll take its toll on either the players or coaches.

Thanks to your mate the plumber. What a disaster!!

 

[Swiftstylez]

zzz we have paid our dues for your incompetence in 2007 and 2009 NRL. If you won't be lenient and realise that certain teams have gamed ("within the rules") the third party system with positive outcomes, then hand over our premierships and the money I spent on one of your clubs those years from those that have actually systematically rorted.

 

[Dibs]

What I want to know is where were these extra auditors when Andrew gee went crawling diwn the nearest hole when the Broncos were accused of rorting the cap. Don't get me wrong I'm not making excuses for the board but it does feel a bit like double standards.

 

[Jake the snake]

So Fitzy got his wish

I don't like Fitzgerald either. But the fact remains of the board and management had done nothing wrong we would not be in this position.

Blaming other people and making excuses and not taking openership is what's led to this boards current state. Which is on death row. They have been an utter disaster from the start.

 

[Swiftstylez]

What I want to know is where were these extra auditors when Andrew gee went crawling diwn the nearest hole when the Broncos were accused of rorting the cap. Don't get me wrong I'm not making excuses for the board but it does feel a bit like double standards.

That's why I feel like there is no real story until the NRL comes out with something, so many of these stories turn out to be crap.