The Parramatta Eels have agreed to an independent review ordered by the NRL to look into salary cap breaches in the 2014 season.
In May, the club was sanctioned by the NRL to pay a fine of almost $500, 000 for the breaches and a four-point penalty in next year’s season unless an independent governance review was implemented.
Initially, the Eels had wanted to use their own auditor, PricewaterhouseCoopers (PwC), to conduct the review but have since agreed to appoint a neutral firm to conduct the review as required by NRL.
The tender process to appoint an independent review firm is underway, and is said to close in a week’s time with the review scheduled for the week after.
“We’ll work together with the NRL to select the appropriate organisation to undertake the review,” interim Eels boss John Boulous said.
Boulous added that findings from the review will be used to improve the club’s operations to take the business forward.