Melbourne Storm / Rebels / Waldrom
- Thread starter Grandmaster Flash
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R
rugbywhisperer
Guest
Re: Melbourne Storm stripped of 2007 + 2009 premierships
yes there is and yes it will be.
If as they say there were two sets of books, which was used for taxation accountability, which was used for financial reporting?
Was sponsorship attained under false representation of these figures?
The Storm have members (shareholders) and the board of the company must act with propriety, diligence and are in a fiducial position wrt to the members ( Newslimited I believe is a big one).
The playing contracts may also place the board in a FR wrt to the players as well.
Players may well be able to sue for lost earnings if the club folds, caterers, suppliers are all in the chain who might suffer loss as a result.
Thomond78 said:
yes there is and yes it will be.
If as they say there were two sets of books, which was used for taxation accountability, which was used for financial reporting?
Was sponsorship attained under false representation of these figures?
The Storm have members (shareholders) and the board of the company must act with propriety, diligence and are in a fiducial position wrt to the members ( Newslimited I believe is a big one).
The playing contracts may also place the board in a FR wrt to the players as well.
Players may well be able to sue for lost earnings if the club folds, caterers, suppliers are all in the chain who might suffer loss as a result.
R
rugbywhisperer
Guest
Re: Melbourne Storm stripped of 2007 + 2009 premierships
Not necessarily.
The players are not responsible for breach of the cap.
The only way a player could get caught up is if they knowingly or ought to have known somethng was amiss. eg: receiving readies in a brown paper bag. basically, the players received the dosh as they negotiated - they don't sit around and a reasonable person wouldn't expect them all to sit around and add up who is getting what.
Do league players have the mental capacity to do that? Now is a good time for them to cede to all the barbs that have been thrown at them over the years re lack of grey matter.
Ruggo said:
Not necessarily.
The players are not responsible for breach of the cap.
The only way a player could get caught up is if they knowingly or ought to have known somethng was amiss. eg: receiving readies in a brown paper bag. basically, the players received the dosh as they negotiated - they don't sit around and a reasonable person wouldn't expect them all to sit around and add up who is getting what.
Do league players have the mental capacity to do that? Now is a good time for them to cede to all the barbs that have been thrown at them over the years re lack of grey matter.
Pfitzy
Nathan Sharpe (72)
Re: Melbourne Storm stripped of 2007 + 2009 premierships
Are they Victorian cops? Because they'll need their cut...
Its funny to see Gus Gould on The Footy Show last night bemoaning what a huge blow this is to sport in general when he's done nothing but piss and moan about salary caps for ages.
MajorlyRagerly said:
Are they Victorian cops? Because they'll need their cut...
Its funny to see Gus Gould on The Footy Show last night bemoaning what a huge blow this is to sport in general when he's done nothing but piss and moan about salary caps for ages.
S
Spook
Guest
Re: Melbourne Storm stripped of 2007 + 2009 premierships
I find it interesting this has only come out now at the time of the announcement of SANZAR funding. It News Ltd looking to kill their RL team in Melbourne?
I find it interesting this has only come out now at the time of the announcement of SANZAR funding. It News Ltd looking to kill their RL team in Melbourne?
D
Doc
Guest
Re: Melbourne Storm stripped of 2007 + 2009 premierships
This information may have been handy for the lawyers of the 2 Bulldog staffers sentenced to jail over their salary cap breaches.
There could be countless criminal charges as already mentioned. Fraud is fraud, it doesn't necessarily have to be against the government. If nothing else they would surely get them on falsified legal docs/contracts and maybe tax stuff.
Also, on some level, SOME of the players would be complicit. They are mungoes, but I'm sure they could work out that if they sign a contract saying they would get $300k, but actually get paid $400K something isn't right in the state of Denmark. You can argue they think they are getting paid 'x' and don't know what others get so know worries, but somewhere the Storm have to have contracts for the lesser amount to appease the NRL. That said it is not up the the players to make sure everything is above board.
Groucho said:
This information may have been handy for the lawyers of the 2 Bulldog staffers sentenced to jail over their salary cap breaches.
There could be countless criminal charges as already mentioned. Fraud is fraud, it doesn't necessarily have to be against the government. If nothing else they would surely get them on falsified legal docs/contracts and maybe tax stuff.
Also, on some level, SOME of the players would be complicit. They are mungoes, but I'm sure they could work out that if they sign a contract saying they would get $300k, but actually get paid $400K something isn't right in the state of Denmark. You can argue they think they are getting paid 'x' and don't know what others get so know worries, but somewhere the Storm have to have contracts for the lesser amount to appease the NRL. That said it is not up the the players to make sure everything is above board.
HG
Jimmy Flynn (14)
Re: Melbourne Storm stripped of 2007 + 2009 premierships
This post has hit the mark exactly!
No one has tested the salary cap in court as yet. I am sure that News Limited will want to take the perpetrators to court. However in doing so their defence could decide to test the salary cap.
There is enough legal opinion about that at least 3rd party payments organised by the player or players managers outside that of the players club would be upheld.
This if upheld would then open up 3 party payments and you would have far less player movements cross code.
It may well impact on all sports.
waratahjesus said:
This post has hit the mark exactly!
No one has tested the salary cap in court as yet. I am sure that News Limited will want to take the perpetrators to court. However in doing so their defence could decide to test the salary cap.
There is enough legal opinion about that at least 3rd party payments organised by the player or players managers outside that of the players club would be upheld.
This if upheld would then open up 3 party payments and you would have far less player movements cross code.
It may well impact on all sports.
Tiger
Alfred Walker (16)
I wonder whether the Storm gave false financial information to its financiers etc. Pretty scary what could happen to the club if the banks treat it as an act of default. But that's an extreme scenario and is certainly not something that has been mentioned anywhere but I raise it only as a matter of interest
TheRiddler
Dave Cowper (27)
Re: Waldron Gone
Couldnt agree more. Once had the pleasure of sitting next to Pat on a flight back to Sydney from a Reds v Tahs game. Thoroughly enjoyed his company and he followed up a few days later with some information he'd promised. A very nice man.
Lee Grant said:
Couldnt agree more. Once had the pleasure of sitting next to Pat on a flight back to Sydney from a Reds v Tahs game. Thoroughly enjoyed his company and he followed up a few days later with some information he'd promised. A very nice man.
Tiger
Alfred Walker (16)
Waldron has resigned: http://www.theaustralian.com.au/new...melbourne-rebels/story-e6frg7mf-1225857279895
P
Phantom_Prop
Guest
I think it is a situation where the players should also shoulder some of the blame, from what I have read, overpayments were made to suppliers for services render to the storm, then the suppliers would send on the difference to the players, hmmmmm let me see I have $X being deposited into my account every month from the storm and $Y from the catering company. I think even a mungoball player could work that one out as being dodgy.....
exactly right PP, that's my thinking as well.
I do feel sorry for the players though about one thing.
All that laser tattoo repair:
http://sphotos.AK (Andrew Kellaway).fbcdn.net/hphotos-AK (Andrew Kellaway)-ash1/hs484.ash1/26499_1363057110438_1051895543_31051268_6455865_n.jpg
I do feel sorry for the players though about one thing.
All that laser tattoo repair:
http://sphotos.AK (Andrew Kellaway).fbcdn.net/hphotos-AK (Andrew Kellaway)-ash1/hs484.ash1/26499_1363057110438_1051895543_31051268_6455865_n.jpg
P
PhucNgo
Guest
Re: Melbourne Storm stripped of 2007 + 2009 premierships
Where's the fraud in this? Surely all they've done is broken the infinitely elastic rules of the Boganball Alliance? Any misallocation of prizemoney etc. therefore is an internal issue. Would be a different matter if the parties concerned were personally receiving payments, but this appears not to be the case. The club hasn't turned a dollar from day one, so probably not a tax issue either, for the club at least, but ATO may go sniffing around players to see that all income has been declared. Whole thing is therefore, dare i say it, a Storm in a .... well apparently they don't have any cups left.
Anyone know who the directors are? As the CEO and CFO have been made the scapegoats here, it'll be interesting to see whether the recent precedent in the Hardies case is used as an objective benchmark for directors duties by the NRL. Hang on, isn't Gallop a New appointee? Too many potential conflicts of interest here to ponder and this is probably the most time I've devoted to thinking about Boganball in the last 100 years anyway. Can I have my 10 minutes back please?
MajorlyRagerly said:
Where's the fraud in this? Surely all they've done is broken the infinitely elastic rules of the Boganball Alliance? Any misallocation of prizemoney etc. therefore is an internal issue. Would be a different matter if the parties concerned were personally receiving payments, but this appears not to be the case. The club hasn't turned a dollar from day one, so probably not a tax issue either, for the club at least, but ATO may go sniffing around players to see that all income has been declared. Whole thing is therefore, dare i say it, a Storm in a .... well apparently they don't have any cups left.
Anyone know who the directors are? As the CEO and CFO have been made the scapegoats here, it'll be interesting to see whether the recent precedent in the Hardies case is used as an objective benchmark for directors duties by the NRL. Hang on, isn't Gallop a New appointee? Too many potential conflicts of interest here to ponder and this is probably the most time I've devoted to thinking about Boganball in the last 100 years anyway. Can I have my 10 minutes back please?
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