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GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Fri Oct 17, 2014 6:54 pm
by sydneyfc
disgusting [-X [-X [-X

http://www.couriermail.com.au/sport/nrl ... 7092537489

Four other clubs - the Sea Eagles, Knights, Roosters and Tigers - were also fined over minor breaches, with combined penalties reaching less than $90,000.
THE Gold Coast Titans have been fined $300,000 and docked four NRL competition points for salary cap breaches relating to former player Scott Prince.

Prince has been sacked from his role as an NRL One Community Ambassador over the drama, while officials involved have been banned for life.

The points penalty has been suspended for the next two years.

The matter relates to a scheme orchestrated by the previous management of the Titans at the end of 2012 when Prince left the club for the Broncos.

The salary cap investigation cleared the Brisbane Broncos of any wrongdoing.

However, the NRL said the Broncos “investigation was impeded because it was not possible to obtain information from the Broncos Leagues Club and others from the Broncos who have left the game.”

The NRL said Titans officials involved in the scam, plus Broncos officials who refused to co-operate, will likely never work in the game again.

“Given the evidence currently before us, there are former officials from both clubs who are unlikely to be registered to be involved in the NRL in the future,” said general manager of integrity Nick Weeks.

Scott Prince during his time at the Titans.

Scott Prince during his time at the Titans.

Four other clubs - the Sea Eagles, Knights, Roosters and Tigers - were also fined over minor breaches, with combined penalties reaching less than $90,000.

Gold Coast’s issue dated back to payments made to former skipper Prince that were “substantially more than the contract lodged with the NRL by a previous Titans administration.”

The NRL found the previous administration and Prince never disclosed the difference in remuneration, which was only unearthed by the new management.

The Titans’ salary cap breach relates to Scott Prince.

The Titans’ salary cap breach relates to Scott Prince.

The Titans had $75,000 of its fine and four competition point penalty suspended because the club, under new management led by CEO Graham Annesley, self-reported their problems and fully co-operated with the investigation.

The investigation found no evidence of systemic rorting of the salary cap at the club.

The suspended fine and points will be applied if there are any further salary cap breaches by the Titans over the next two years.

Weeks said the Titans penalty was no reflection on the current administration, which had worked with the NRL to resolve the matter.

Graham Annesley’s administration self-reported the issues.

Graham Annesley’s administration self-reported the issues.

Meanwhile the NRL has issued fines to four other clubs for lesser breaches totalling less than $90,000.

Those issues include:

• Sea Eagles ($6,000 – overspend breach)

• Knights ($35,519 – overspend breach)

• Roosters ($40,000 – comprised of $20,000 fine and $20,000 suspended for two years. The penalty relates to a lack of substantive notes of negotiation)

• Tigers ($9,326 – NYC overspend)

“I am satisfied that clubs are generally attempting to meet their salary cap duties,” Weeks said.

“But all clubs are on notice that we have drawn a line in the sand.

“If clubs breach the salary cap in the future they will face heavy penalties, including the loss of competition points.”

Former Titans boss Michael Searle has been cleared of any involvement.

Former Titans boss Michael Searle has been cleared.

Former Titans boss Michael Searle has been cleared.

Annesley fronted the press this afternoon and said the club had accepted the NRL’s significant punishment.

Annesley said there was not a single staff member at the Titans who was involved in the breach.

Annesley pledged the club would never be guilty of a cap breach again under his watch.

“From the limited information I have from the NRL since they advised me of the penalty is that they could find no evidence that Michael Searle had any knowledge of this particular incident,” he said.

“The moment I found out about this I reported it to the NRL.

“I don’t have all the knowledge of what went on in this investigation. It is the NRL’s investigation.”

The Broncos issued a short statement on their website after the NRL ruling was announced.

“The Brisbane Broncos today welcomed the NRL’s determination that the club has been cleared of any salary cap breach,” the statement said.

“The Broncos self reported this matter to the NRL earlier this year in an act of transparency, and always had faith the club would be found to have no case to answer.

“The NRL have vindicated that faith with today’s ruling and the club now considers the matter closed.”

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Fri Oct 17, 2014 7:00 pm
by ParraEelsNRL
$300,000, that's more money than at least 6 A league clubs combined couldn't come up with LOL

$1.2Billion :>::

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Fri Oct 17, 2014 7:03 pm
by sydneyfc
ParraEelsNRL wrote:
$300,000, that's more money than at least 6 A league clubs combined couldn't come up with LOL

$1.2Billion :>::
de...fle....cti...on..... [-X

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Sat Oct 18, 2014 1:14 am
by ParraEelsNRL
A league >>>>>>>>>>>>>>>>>>>broke.

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Sat Oct 18, 2014 9:10 am
by pHyR3
i dont understand your point? its only a 225k fine due to actions by the previous management years ago...

i guess this is about all you can come up with on the day of the biggest derby in A league history according to you lot. (it is tonight right? i was listening to triple m rush hour and they skipped it to talk about the AFL GF for 5 or 10 minutes, then jarryd hayne for the rest).

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Sat Oct 18, 2014 9:36 am
by AFLcrap1
pHyR3 wrote:
i dont understand your point? its only a 225k fine due to actions by the previous management years ago...

i guess this is about all you can come up with on the day of the biggest derby in A league history according to you lot. (it is tonight right? i was listening to triple m rush hour and they skipped it to talk about the AFL GF for 5 or 10 minutes, then jarryd hayne for the rest).
He was outed very early as a derpball fan with an interest in soccer.He just pretends his main sport is soccer.
Nearly all his posts when he joined were AFL related ,with a few token soccer mentions.

Poor troll but as per usual Fumblefan ,the jealousy/lies & delusions are very amusing

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Sat Oct 18, 2014 11:49 am
by leagueiscrap
ParraEelsNRL wrote:
A league >>>>>>>>>>>>>>>>>>>broke.
NRL almost ZERO earning capacity out side of the TV deal :)))
all thanks to a couple of billionaires & News Ltd! which something you basement dwellers despise :lol:

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Sat Oct 18, 2014 11:51 am
by leagueiscrap
AFLcrap1 wrote:
pHyR3 wrote:
i dont understand your point? its only a 225k fine due to actions by the previous management years ago...

i guess this is about all you can come up with on the day of the biggest derby in A league history according to you lot. (it is tonight right? i was listening to triple m rush hour and they skipped it to talk about the AFL GF for 5 or 10 minutes, then jarryd hayne for the rest).
He was outed very early as a derpball fan with an interest in soccer.He just pretends his main sport is soccer.
Nearly all his posts when he joined were AFL related ,with a few token soccer mentions.

Poor troll but as per usual Fumblefan ,the jealousy/lies & delusions are very amusing
coming from the ultimate, obsessed, delusional AFL troll! :thumbleft:
well done spazza the ultimate hypocrite :)))

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Sat Oct 18, 2014 11:54 am
by leagueiscrap
sydneyfc wrote:
disgusting [-X [-X [-X

http://www.couriermail.com.au/sport/nrl ... 7092537489

Four other clubs - the Sea Eagles, Knights, Roosters and Tigers - were also fined over minor breaches, with combined penalties reaching less than $90,000.
THE Gold Coast Titans have been fined $300,000 and docked four NRL competition points for salary cap breaches relating to former player Scott Prince.

Prince has been sacked from his role as an NRL One Community Ambassador over the drama, while officials involved have been banned for life.

The points penalty has been suspended for the next two years.

The matter relates to a scheme orchestrated by the previous management of the Titans at the end of 2012 when Prince left the club for the Broncos.

The salary cap investigation cleared the Brisbane Broncos of any wrongdoing.

However, the NRL said the Broncos “investigation was impeded because it was not possible to obtain information from the Broncos Leagues Club and others from the Broncos who have left the game.”

The NRL said Titans officials involved in the scam, plus Broncos officials who refused to co-operate, will likely never work in the game again.

“Given the evidence currently before us, there are former officials from both clubs who are unlikely to be registered to be involved in the NRL in the future,” said general manager of integrity Nick Weeks.

Scott Prince during his time at the Titans.

Scott Prince during his time at the Titans.

Four other clubs - the Sea Eagles, Knights, Roosters and Tigers - were also fined over minor breaches, with combined penalties reaching less than $90,000.

Gold Coast’s issue dated back to payments made to former skipper Prince that were “substantially more than the contract lodged with the NRL by a previous Titans administration.”

The NRL found the previous administration and Prince never disclosed the difference in remuneration, which was only unearthed by the new management.

The Titans’ salary cap breach relates to Scott Prince.

The Titans’ salary cap breach relates to Scott Prince.

The Titans had $75,000 of its fine and four competition point penalty suspended because the club, under new management led by CEO Graham Annesley, self-reported their problems and fully co-operated with the investigation.

The investigation found no evidence of systemic rorting of the salary cap at the club.

The suspended fine and points will be applied if there are any further salary cap breaches by the Titans over the next two years.

Weeks said the Titans penalty was no reflection on the current administration, which had worked with the NRL to resolve the matter.

Graham Annesley’s administration self-reported the issues.

Graham Annesley’s administration self-reported the issues.

Meanwhile the NRL has issued fines to four other clubs for lesser breaches totalling less than $90,000.

Those issues include:

• Sea Eagles ($6,000 – overspend breach)

• Knights ($35,519 – overspend breach)

• Roosters ($40,000 – comprised of $20,000 fine and $20,000 suspended for two years. The penalty relates to a lack of substantive notes of negotiation)

• Tigers ($9,326 – NYC overspend)

“I am satisfied that clubs are generally attempting to meet their salary cap duties,” Weeks said.

“But all clubs are on notice that we have drawn a line in the sand.

“If clubs breach the salary cap in the future they will face heavy penalties, including the loss of competition points.”

Former Titans boss Michael Searle has been cleared of any involvement.

Former Titans boss Michael Searle has been cleared.

Former Titans boss Michael Searle has been cleared.

Annesley fronted the press this afternoon and said the club had accepted the NRL’s significant punishment.

Annesley said there was not a single staff member at the Titans who was involved in the breach.

Annesley pledged the club would never be guilty of a cap breach again under his watch.

“From the limited information I have from the NRL since they advised me of the penalty is that they could find no evidence that Michael Searle had any knowledge of this particular incident,” he said.

“The moment I found out about this I reported it to the NRL.

“I don’t have all the knowledge of what went on in this investigation. It is the NRL’s investigation.”

The Broncos issued a short statement on their website after the NRL ruling was announced.

“The Brisbane Broncos today welcomed the NRL’s determination that the club has been cleared of any salary cap breach,” the statement said.

“The Broncos self reported this matter to the NRL earlier this year in an act of transparency, and always had faith the club would be found to have no case to answer.

“The NRL have vindicated that faith with today’s ruling and the club now considers the matter closed.”
its funny no bumsniffers want to comment on the salary cap breaches!
how'd the NRL clubs get the extra money to even be able to afford to breach the salary cap, with their pathetic little minnow income streams.

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Sat Oct 18, 2014 12:43 pm
by AFLcrap1
They got fined .no problems..
Maybe if they were in the Aflol compromised / rigged comp they might get an extra 900K to spend & not have to worry about being over the cap.
But sadly for them they are in a level playing field comp where all teams are treated the same when it comes to $$$$ & the Salary cap .

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Sun Oct 19, 2014 4:45 pm
by QueenslandISAFL
It'll take them years to get that money back

Poor titans. :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Mon Oct 20, 2014 5:34 pm
by leagueiscrap
QueenslandISAFL wrote:
It'll take them years to get that money back

Poor titans. :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:
:lol: :lol: :lol: :lol:
25 million in debt
the NRl had to pay their rent for them this year, at their "Centre of Excellence" after the club could not afford the bill.
they have now moved their operations down to the "The Southport School" to share the GYM and oval with the school kids :lol:
http://www.dailytelegraph.com.au/sport/ ... 7069093375

but they managed to over spend in their salary cap :-k
what a well operated club :lol:

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Mon Oct 20, 2014 5:41 pm
by sydneyfc
lol wow, can you imagine gym sessions for the titans having to rotate machines with a bunch of 8th graders :lol:

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Mon Oct 20, 2014 9:41 pm
by leagueiscrap
sydneyfc wrote:
lol wow, can you imagine gym sessions for the titans having to rotate machines with a bunch of 8th graders :lol:
:lol: :lol:
yeah bullying the kid out of the gym!
its the NRL's way of giving back to the community, by taking over a school!
the NRL players would be handing out roids to the kids :lol:

Re: GOLD COAST TITANS FINED 300K FOR SALARY CAP BREACH

Posted: Mon Oct 20, 2014 9:42 pm
by leagueiscrap
AFLcrap1 wrote:
They got fined .no problems..
Maybe if they were in the Aflol compromised / rigged comp they might get an extra 900K to spend & not have to worry about being over the cap.
But sadly for them they are in a level playing field comp where all teams are treated the same when it comes to $$$$ & the Salary cap .
maybe if they hadn't of tried to rort the salary cap they would had enough money to pay the rent! :lol: :lol:
even after the NRL payed the last lot of rent for the titans :lol: