The Independent reports that the News Corp. chairman just got slapped with the equivalent of a $463,000 fine as a result of misconduct by players on an Australian rugby team he owns.
Rugby club Melbourne Storm, which is owned by Murdoch’s News Limited, has been at the centre of a major scandal, after players were found to have been receiving secret payments to stay at the club. This contravenes Australia’s strict salary cap rules, and Murdoch has been fined A$500,000. How many more fines can a magnate afford?
Last year, Murdoch shelled out $1.5 million to settle cases involving his U.K. journalists’ illegal phone-hacking methods.
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