NRL meets with Eels over salary cap issues

The National Rugby League Salary Cap auditor, Mr Ian Schubert, met with the Parramatta Eels Chairman, Mr Roy Spagnolo OAM, and Acting Chief Executive Andrew Hill this morning to discuss real estate investments involving a small number of players and officials in 2002-3.<br><br>The NRL is continuing its inquiries but is satisfied with the level of cooperation it is receiving from the Parramatta Club including the provision of documentation.<br><br>Parramatta has said that it will continue to be open and transparent throughout the process and expressed the strong view that it has not breached the cap.<br><br>“Certainly we are happy with the level of cooperation but this will still take a little more time to finalise,” NRL Chief Executive, Mr David Gallop, said today.<br><br>“These things can take some period to finally determine and they are inquiries that are very much part of every-day life for our audit team.<br><br>“Issues raised in court in Brisbane in relation to payments made by businessmen there are also being investigated but so too are the accounts of every club on a regular basis.<br><br>“Where significant breaches take place we have a track record of announcing any penalties to all concerned and that policy remains.<br><br>“We are not at that point however and it is too early to speculate on any outcomes.”<br>