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SBD Global/August 15, 2014/Leagues and Governing Bodies

National Rugby League To Investigate Parramatta Eels Over Obeid Property Deal

A A$600,000 ($560,000) apartment in Ryde "has exposed connections" between National Rugby League side Parramatta Eels and the family of corrupt ex-Labor MP, Eddie Obeid, according to Massoud, Hooper & Wilson of the Sydney DAILY TELEGRAPH. An investigation "found prop Darcy Lussick bought the two-bedroom apartment in a new 400-unit complex at Top Ryde just over 12 months ago from a company solely controlled by one of Obeid’s five sons, Gerard Obeid." The A$600,000 purchase price was A$30,000 less than what Gerard Obeid’s company, Pope Property Holdings Pty Ltd. (Pope Property), "paid for the unit three-and-a-half months earlier." But Lussick’s Manager Wayne Beavis said that "the transaction was part of a legitimate Marquee Player Agreement" backed by appropriate paperwork (DAILY TELEGRAPH, 8/15). In Sydney, McClymont & Proszenko reported the NRL "will investigate whether there are any salary cap implications." The NRL "is in the process of conducting a mid-year review of each club's salary caps and the Eels matter will come under scrutiny as part of the audit." An NRL spokesperson said, ''We are not commenting on specifics about Parramatta. All clubs have regular mid-year salary reviews and Parramatta will be part of that process" (SYDNEY MORNING HERALD, 8/15).
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