The era of Jarryd Hayne and Anthony Watmough representing the Eels is a thing of the past, yet the club continues to grapple with the repercussions of payments made to these former Origin stars.
Reports suggest that Parramatta is poised to fork out $500,000 to resolve a Supreme Court case that could have exposed details surrounding their salary cap violations related to Hayne and Watmough.
According to The Sydney Morning Herald, liquidators for Blackcitrus have filed a lawsuit seeking $1,177,601 for its creditors.
Hayne in action for the Eels in 2013. Getty
The Parramatta club reportedly made this payment to prevent the violation details from becoming public knowledge, particularly about the funds allocated to Hayne and Watmough through a subsidiary of Blackcitrus.
This firm was involved in the Eels’ 2016 salary cap disaster and had previously struck an agreement with former CEO Scott Seward. Reports indicate that the invoices submitted did not accurately represent the value of the services rendered.
“The plaintiff was fully aware that the HOA was a façade, with the true intent of the arrangement being to funnel funds to player Anthony Watmough,” the defence stated.
Anthony Watmough representing NSW. AAP
“To circumvent the NRL Salary Cap Regulations; and … that the HOA was in all respects null and void due to its illegal nature and/or in contravention of public policy.”
With this payment, the club has successfully closed the chapter on its salary cap troubles.
The Eels previously faced a $1 million fine, lost their 2016 Auckland Nines title, suffered a deduction of 12 competition points, and were compelled to part ways with several players.
These actions followed revelations that they had been systematically breaching the salary cap rules.
Compiled by SportArena.com.au.
Fanpage: SportArena.com.au.
LiveScore – Live Sports Results & Odds.
