Ex-NRL boss Todd Greenberg ‘received a pay out of more than $650,000’ despite the league struggling to stay alive during the coronavirus crisis

  • Todd Greenberg resigned as NRL CEO amid coronavirus financial struggles 
  • His payout comes due to his fixed-term contract and time remaining on his deal 
  • Greenberg revealed he has received job offers after his departure on Monday
  • Andrew Abdo has taken over Greenberg’s role as NRL interim chief executive
  • Here’s how to help people impacted by Covid-19

By Jackson Barron For Daily Mail Australia

Published: 01:07 BST, 26 April 2020 | Updated: 04:39 BST, 26 April 2020

Former NRL boss Todd Greenberg reportedly received a payout of more than $650,000 after stepping down as CEO.

The 49-year-old resigned on Monday afternoon after four years in the top job amid mounting financial pressure on the game due to the ongoing coronavirus lockdown.

Despite the league’s money struggles, Greenberg reportedly received the healthy payout due to his fixed-term contract, where he made $1.2million a year.

Greenberg had more than six months remaining on his contract, which led to him reportedly pocketing the six-figure sum after walking away from the league.

Todd Greenberg and his wife Lisa pose at the 2019 NRL Hall of Fame ceremony in Sydney

Todd Greenberg and his wife Lisa pose at the 2019 NRL Hall of Fame ceremony in Sydney

‘We have signed a deed of agreement, which is commercial in confidence,’ Greenberg said, as reported by Sydney Morning Herald.

ARLC chairman Peter V’landys didn’t comment on Greenberg’s payout.

‘It’s not appropriate that I discuss Todd’s contract,’ he said. ‘All I will say is that I wish him well.’

Greenberg’s payout comes amid NRL players taking paycuts and office staff being stood down, along with other sporting codes around the country suffering from similar financial woes.

Raelene Castle stood down as Rugby Australia CEO on Thursday, while Cricket Australia CEO Kevin Australia revealed the game had suffered a $20million loss due to the coronavirus pandemic.

Less than a week after leaving the NRL, Greenberg revealed he had already began receiving job offers from different sources and was keeping his options open for the future.

In his resignation statement on Monday, Greenberg said 'I am very proud of my contribution to the game'

In his resignation statement on Monday, Greenberg said 'I am very proud of my contribution to the game'

In his resignation statement on Monday, Greenberg said ‘I am very proud of my contribution to the game’

‘The best advice I got was don’t say yes to anything or don’t say no to anything in the first month or so, just take your time, reset and have a good break and then you can decide what you want to do next,’ he told 2GB’s Continuous Call Team.

‘I’ve had a number of conversations already but I think it’s time just to put the feet up and reset and spend some time with the kids and then I’ll figure out what to do next.’

NRL chief commercial officer Andrew Abdo has moved into Greenberg’s role as acting chief executive and has been criticised as the potential next leader of the league.

Many believe the NRL should have a ‘rugby league’ person in the top job over a business man.

V’landys vouched for Abdo as the right man for the job, citing his impressive commercial resume with the league over the past six years. 

‘He has the opportunity in the job. That’s something that others don’t have. The incumbent always has the advantage,’ V’landys said. 

The NRL season is scheduled to relaunch on May 28.

NRL chief commercial officer Andrew Abdo (pictured) is now the interim CEO and has been backed by ARLC chairman Peter V'landys as the man for the job

NRL chief commercial officer Andrew Abdo (pictured) is now the interim CEO and has been backed by ARLC chairman Peter V'landys as the man for the job

NRL chief commercial officer Andrew Abdo (pictured) is now the interim CEO and has been backed by ARLC chairman Peter V’landys as the man for the job

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