Sea Eagles release statement on NRL verdict

Manly have failed to overturn the NRL's verdict that they had breached the salary cap.

The NRL Appeals Committee upheld the original $750,000 fine against the club and the $660,000 penalty applied to their salary for the 2018 and 2019 seasons.

The Sea Eagles released a statement following the NRL's decision.

Their statements can be read below, and seen on their website.

The Club has been advised that its appeal in relation to the determination of the NRL CEO on 26 March 2018 that it had contravened the NRL Rules relating to salary cap, specifically in its handling of the process around third party negotiations and disclosures has been unsuccessful.

While the Club felt it had strong grounds for appeal, the finding from the determination and appeal committee is that they believe that the Club contravened Rule 26 of the PCR rules by making commitments to procure TPAs that it wrongly failed to disclose in the playing contracts and those TPA's that were disclosed were not at arm's length.

While additional appeal options lay open to it, the Club has confirmed that in the interests of allowing its members, players, sponsors and fans the opportunity to move forward, the Club will now focus on its 2019 and beyond seasons.