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Parramattas horror year punctuated by a salary cap scandal, player misdemeanours and boardroom squabbles has resulted in an incredible $11 million loss.The massive financial hemorrhaging was announced in a letter penned by interim Eels boss and Parramatta Leagues Club CEO Paul Bevan on Tuesday.In the letter written to Leagues Club members and Eels fans, Bevan described the Eels annus horribilis as tumultuous.The Leagues Club will pick up the loss, which Bevan described as unacceptable and unsustainable, but will still post a profit in the neighbourhood of $4 million.The $11 million shortfall, the biggest in NRL history, included:* $1.12 million in fines and penalties as a result of sanctions from the NRL over salary cap indiscretions* $1.24 million to consultants and legal adviser, a significant part of which funded failed Supreme Court legal battles on behalf of the ousted Gang Of Five directors* $952,000 in player terminations, including Anthony Watmough and Kieran Foran, with around the same amount paid in fines and penalties.* $700,000 in lost sponsorship revenue* $742,000 provision for sponsorship bad debtThe impact on the club and members funds is unacceptable and unsustainable and urgent action was needed to mitigate these issues, Bevan wrote.There is more work to do on the Eels and a premiership to pursue however the biggest bushfires are out or under control.I look forward to the commencement of incoming Eels CEO Bernie Gurr and all Eels members and fans can look forward to a better year in 2017 under his guidance.Bevan outlined a number of changes the club had made to ensure a brighter future.Those included a salary cap management overhaul and the cessation of legal action against the NRL.After years of uncertainty the Club now has 100 per cent confidence in its cap and has confirmed this status with the NRL, Bevan wrote.The recent round of signings and re-signings for the Eels has been actioned with complete certainty of compliance with the salary cap.Bevan outlined a number of changes the club had made to ensure a brighter future.Those included a salary cap management overhaul and the cessation of legal action against the NRL.After years of uncertainty the Club now has 100 per cent confidence in its cap and has confirmed this status with the NRL, Bevan wrote.The recent round of signings and re-signings for the Eels has been actioned with complete certainty of compliance with the salary cap.The Eels were hit with a 12 premiership points deduction for their salary cap dramas which effectively ended their year.Star playmaker Corey Norman added to the clubs troubles when he was found guilty of drug possession and banned for six weeks by the NRL as a result of that brush with the law and a number of other off-field dramas.Winger Semi Radradra is facing allegations of domestic violence.But the that might not be the end of the Eels troubles with Bevan writing of an investigation currently being conducted by the NSW Fraud Squad into invoices to the Eels that were allegedly inflated.I would like to make clear that the intervention of the NSW Police is in relation to possible offences committed against PLC members by individuals associated with the Football Club, Bevan wrote.This is an ongoing investigation and the Club intends to keep members updated as much as possible. Jakub Voracek Flyers Jersey . "It doesnt get any better than that," Giambi said. "Im speechless." The Indians are roaring toward October. Giambi belted a two-run, pinch-hit homer with two outs in the ninth inning to give Cleveland a shocking 5-4 win over the Chicago White Sox on Tuesday night, keeping the Indians up with the lead pack in the AL wild-card race. Brian Elliott Jersey . By having more great seasons. Manning was the only unanimous choice for the 2013 Associated Press NFL All-Pro team Friday. http://www.nhlflyersproauthentic.com/scott-laughton-hockey-jersey/ . 1 position. The Mustangs (6-0), who beat Queens 50-31 last weekend, earned 17 first-place votes and 287 points in voting by the Football Reporters of Canada. Western was last ranked first in the country in October 2011. Sean Couturier Flyers Jersey .com) - Richie Incognito has reportedly been admitted to a psychiatric care unit in Arizona. Dave Schultz Flyers Jersey . No. 13-seeded John Isner and No. 21 Philipp Kohlschreiber were among six players who dropped out of the tournament on Tuesday, joining No. 12 seed Tommy Haas and two other players who withdrew on Monday. Players can now officially sign the contracts theyve agreed to in the past week, and more moves are still on the way.Heres a team-by-team analysis of the latest major and minor deals: ' ' '