Sharks under Salary Cap investigation

[pjayz]

Breaking on Fox sports now....

 

[HappilyManly]

All 15 Clubs need to be audited.

Greenturd claiming that Manly took up their auditors' time is truly laughable

NRL have been working on this for 3 months but it just came to light

 

[Nordburg]

So they’re saying they are under investigation for 2015 and 2017,not 2016,very convenient from the NRL

 

[Mitch]

So they’re saying they are under investigation for 2015 and 2017,not 2016,very convenient from the NRL

And we know who was CEO during some of this time...

 

[pjayz]

From the Daily Telegraph:
https://outline.com/https://www.dai...s/news-story/205a306bfa4eb5ddb04f38e5b2dba5b1

 

[HappilyManly]

And we know who was CEO during some of this time...

 

[Cliffymagic]

And we know who was CEO during some of this time...

Fmd. Lets hope he isnt involved. Didnt our former ceo get suspended from the roosters?

 

[niccipops]

All 15 Clubs need to be audited.

Greenturd claiming that Manly took up their auditors' time is truly laughable

More likely - Manly took up their auditors agenda.

 

[master blaster]

Poor Buzz will have a breakdown

 

[Mitch]

Fmd. Lets hope he isnt involved. Didnt our former ceo get suspended from the roosters?

Indeed mate. I’ve met him and he seems like an upfront, honourable operator, so I would hope there would be no involvement there.

 

[HappilyManly]

From the Daily Telegraph:
https://outline.com/https://www.dai...s/news-story/205a306bfa4eb5ddb04f38e5b2dba5b1

Cronulla Sharks being investigated over possible salary cap breaches
AUGUST 26, 2018THE Cronulla Sharks'; premiership campaign has been rocked by revelations the NRL's integrity unit is investigating the club for potential salary cap breaches on the eve of the finals series.

Integrity unit forensic investigators arrived at Sharks Leagues club three months ago after the club's new chief executive Barry Russell conducted an internal review and found suspicious payments dating back to 2015. He reported it to the NRL.

The Daily Telegraph understands the amount involved is around the $250,000 mark but could go higher once thousands of documents have been examined.

Although one Sharks official admitted: 'Now they've taken our server, we don't know what they'll find.'

The Sharks are embroiled in a salacy cap crisis on the eve of the finals.
The NRL is confident the club is salary cap compliant this year and can play in the finals.

Investigators have scanned computer hard drives and seized five years of emails from the club's internet server plus mobile phone records of officials and staff.

This is same procedure the integrity unit used when investigating the Parramatta Eels and Manly Sea Eagles in the more recent salary cap scandals.

'We conducted a full governance review when I first started in March' Russell said.

'We discovered some historical cap issues in relation to third party payments.

'We self-declared to the NRL and have since been working with the integrity unit in an on-going investigation. We cannot tolerate anything that's done against NRL guidelines.

'Importantly for the 2018 season we are cap compliant.'

New Cronulla Sharks chief executive found suspicious payments during an internal review.
The original tip-off may have involved an undisclosed third party payment to a player as far back as 2015. That player is still at the club.

A spokesman for the NRL confirmed that the Sharks had asked the Integrity Unit to make inquiries into salary cap matters at the club.

'Those inquiries are on-going so we are not in a position to comment further at this stage' the spokesman said.

'However, based on the information available, the Sharks and all other clubs are salary cap compliant for 2018'

Cronulla Sharks chairman Dino Mezzatesta is aware of the possible salary cap breaches. Picture: Brett Costello
Only Russell and the club's chairman Dino Mezzatesta have been aware of the payment issues.

According to NRL sources a payment outside the salary cap has been confirmed from 2015 but is not significant enough to strip the Sharks of the 2016 premiership, their first in 50 years.

It's when the integrity unit decided to move in and check more recent financial records.

After winning the premiership in 2016, the Sharks faced a struggle to keep the team together.

Players' values soared on the back of winning the title.

Despite the retirement of grand final hero Michael Ennis and the departure of Ben Barba after his cocaine scandal, the Sharks still needed to upgrade many of the players' salaries to keep them in the Shire.

This is the worst news for Sharks fans on the eve of the finals. (AAP Image/Craig Golding)
This is when it is alleged some were paid undeclared third party payments.

At a recent Sharks board meeting, directors called on the football club's senior management to provide more transparency in the salary cap and player payments.

They had been kept in the dark over the recent signings of Bulldogs stars Aaron Woods and Josh Morris.

In March the Manly Sea Eagles were fined $750,000 and had $700,000 removed from their salary cap for two seasons after being found to have breached the cap. They are now waiting on an appeal verdict.

Manly's breaches involved as many as 15 players over five years, totalling $1.5 million.

The Parramatta Eels were stripped on 12 competition points and fined $1 million by the NRL after the Daily Telegraph exposed years of player payment cheating and illegal third-party contracts.

 

[fLIP]

Hypothetical: Is this Gorman making the NRL think twice about the prevalence of salary cap issues under a system that is poorly implemented.

We did that at the sharks also?

 

[Wombat64]

Poor Buzz will have a breakdown

Do they also have demountables that he can also blame for the sharks being over the celery cap?

 

[mave]

We will be off the back page for a day or two ?

We need another fresh crisis to keep us relevant. Get to work Penn.

 

[niccipops]

Lolololol @ Buzz.. The sharkies #1 is little bit tainted now.
The whole third party system is a rort. Club TPA's need to be capped.

 

[HappilyManly]

At least

We will be off the back page for a day or two ?

We need another fresh crisis to keep us relevant. Get to work Penn.

We have a direct link to this crisis via our CEO .
Even Buzz can link Manly to this headline

 

[niccipops]

How suss does it sound that they were over for '15, okay for '16 when they won their first, then over again for '17? The club alerted the NRL. You can bet they got rid of any evidence attached to '16 before they contacted the NRL.

 

[The '47ers]

Barry Russell had to dob his own club in (to try and lessen the blow i guess), makes me laugh, how many clubs are still hiding deep secrets! Probably all of them! Has the NRL "integrity" Unit ever caught anyone on their own accord?!

 

[Kiwi Eagle]

Todd should have this wrapped up by the 1st game of the 2023 season

 

[The Right Edge]

From the SMH


The integrity of the NRL is under a cloud amid revelations that players from several clubs have taken secret benefits or cash payments in likely breach of salary cap rules.

The Manly Sea Eagles is suspected of breaching the salary cap via secret payments to at least one player in previous seasons, according to information gathered by NSW police and NRL officials.

So after 12+ months we now know which other one of the "several clubs" should of and could have been named. What is the bet that this will be "resolved" before we get to find out the outcome of the Manly investigation. After all they need to resolve it just in case the Sharks make the GF.

Dare I say #nextweek