The Wests Tigers have released a club statement in response to the sanction the NRL handed the club following their Ambassador agreement with Robbie Farah.
The Tigers were fined $375,000 with a second $375,000 suspended, and were handed a salary cap penalty of $639,800, which will be spread out of the 2019 and 2020 seasons.
This means the Tigers will need to be at least $319,900 under the cap for the next two seasons.
Club CEO Justin Pascoe has been suspended for six months, although he will return to the club in June after his suspension began in December with the NRL backdating the ban.
The Tigers released the following statement on their website.
“Our initial instinct that the club had not breached the cap was not correct after assessing all of the compiled evidence alongside the NRL rules. We now accept that we should have declared the Ambassador agreement as part of the salary cap.
“We apologise to the NRL for our initial response.
“We look forward to welcoming back our CEO Justin Pascoe in June and would like to acknowledge the strain this has placed on him and his family. Their wellbeing has been a priority throughout this process, and we will continue to provide them with the necessary support.”
“We'd also like to take this chance to thank all of our Corporate Partners, Members, fans and sections of the media for the overwhelming support, both public and private, that we have received through this period.
"Wests Tigers is an extremely proud and united club and we are all very confident that we can put this matter behind us and have a successful season in 2019.”