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SBD Global/March 19, 2014/Franchises

National Rugby League Side Parramatta Eels Ponders Privatization

National Rugby League club Parramatta CEO Scott Seward "has floated the prospect of privatising the club as yet another Eels annual general meeting was marred by boardroom bickering on Monday night," according to Adrian Proszenko of the SYDNEY MORNING HERALD. Constitutional reform "was a hot topic at the club's 67th AGM." One of the items on the agenda "involved the Parramatta District Rugby League board taking back ownership of the Eels football team, a responsibility that was handed to directors of the cashed-up Leagues Club following the Super League war." Three PDRL directors -- Ray Price, Sid Kelly and Mario Libertini -- "spoke in favour of the motion." Dir Steve Sharp, who is also the chairman of the Eels, "spoke against, claiming it could result in the franchise having to 'relocate or amalgamate with another team'" (SMH, 3/18).
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