Michael Jones agrees to leave ACT Brumbies
ACT Brumbies Chief Executive Michael Jones has agreed to leave the Super Rugby franchise after reaching an agreement with the board.
Jones has reportedly reached an in confidence financial settlement with the club – on which neither party wished to make any further comment apart from a statement from the club.
Jones had been engaged in an ugly battle with the Brumbies since March, when the board unsuccessfully tried to remove him. He claimed he was aware of wrongdoing by people linked to the club.
Jones fought to save his position as chief executive and was successful in gaining an injunction for whistleblower protection, yet further court action was expected.
In a statement ACT Brumbies Chairman Robert Kennedy explained “I want to reassure our business partners, stakeholders, players, staff and members that the board has full confidence in the remaining executive management team within the Brumbies and our current financial position to continue operations throughout the 2016 season.
“We are immensely proud of our rugby program at the Brumbies and once again we’ve had a positive start to the season both in terms of on-field results and crowd support.
“I would ask all Brumbies fans to rally behind the team and continue to show their support in what we hope will be another successful year.”
Jones will receive a payout understood to be more than $700,000.
The club itself lost $1.68 million last financial year and the payout to Jones will further damage the club’s bottom line.
Image: Michael Jones (courtesy of LinkedIn).
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