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Parramatta Eels' legend Brett Kenny attacks Steve Sharp

Ray Price after Parramatta's 1986 Grand Final triumph against Canterbury Getty Images

Parramatta legend Brett Kenny admits he is angry at Eels chairman Steve Sharp and questioned his former team-mate's honesty throughout the entire NRL salary cap investigation.

On Tuesday, the Eels were dealt a severe blow, with the NRL issuing a breach notice outlining a deduction of 12 competition points, a $1 million fine and the likely sacking of five club officials for what was described as a "deliberate, coordinated and sustained system of salary cap cheating".

"I'm angry. I never really thought of Sharpy [Steve Sharp] as being the chairman of the board. He never really came across as that type of guy," Kenny told ESPN.

"I've heard where they had their last Annual General Meeting and apparently Sharpy stood up and said 'everything's fine for 2016'.

"Now it's come out that they were around $500,000 over. It does sound as if he's been lying quite a bit."

It has been 30 years since Kenny and Sharp celebrated Parramatta's last premiership together but the salary cap saga appears to be putting a strain on the pair's long friendship.

Kenny is rated by many as the greatest player to ever pull on the famous Eels' blue and gold jersey.

He played 265 games for the club, including a pivotal role in all four of their premierships.

He now resides on the NSW central coast and has barely had anything to do with his beloved Eels since his playing days finished.

However, he revealed he could be persuaded to trade his laidback, semi-retired lifestyle for the stressful and often spiteful environment of an NRL club boardroom.

"If I had the right people and I believed in the right people, I'd definitely put my hand up," Kenny said.

"I know of people I would like to have come with me and I'd have to check to see if they would be prepared to do it.

"I'll just wait until all of this has settled down a bit."

But if Kenny did decide to dip his feet in the shark infested waters of the Eels' boardroom, then he would find no shortage of big fish willing to challenge him.

Ray Price is another Eels icon who also won four premierships with the club, and Kenny also threw his support behind his outspoken former team-mate if he again decided to run for the role of club chairman.

"That's not unusual for Pricey to be quite vocal," Kenny joked.

"His heart is in the right place. He loves the place and he might be a bit outspoken and say things that people don't like but he's only doing it because he wants the club to prosper as much as possible.

"I think you can't not have people like that involved."

First on the agenda for the Eels though is adhering to the NRL's demand of trimming their current squad by around $570,000 to meet this year's salary cap requirements.

The task isn't as easy as it may seem, with rival clubs unlikely to have much room to move under their own cap limits to sign released players.