Image via WikipediaMelbourne Storm stripped of their NRL Premierships for breaching the salary cap to the tune of $1.7 million
Article from www.rugbyleague.co.nz
The Melbourne Storm have been stripped of their NRL Premierships, won in 2007 and 2009, for breaching the salary cap.
The club admits it secretly paid its players $1.7 million over the past five years, including $700,000 this year, without telling the NRL. The Storm have lost all of their eight competition points won this season and will not be awarded any more. They will have to hand back $1.1 million in prize money, as well as pay a $500,000 fine. The lost prize money will be split among the other 15 clubs.
NRL boss David Gallop says Melbourne has been operating two sets of financial books. Several people from the Storm have also been stood down from their administrative positions. Melbourne chairman Rob Moodie says he is not making any excuses. Former chief executive Brian Waldron has been named as the architect of the scam. He is now in charge of the Melbourne Rebels Super 15 team.
http://www.nzrugby/ league.com
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