Manly chief executive David Perry is confident the Sea Eagles' NRL finals campaign won't be derailed by the club's controversial decision to axe veteran club official Peter Peters.

Peters, who has spent more than 40 years with the club as a player and media manager, was told on Monday night he would be made redundant at the end of the season.

The move was blasted by Manly immortal Bob Fulton who claimed it would split the side apart, with Peters - who won two grand finals for the club - a close confidant of coach Des Hasler and many of the players.

However, Perry, who only joined the club two months ago claimed the move was a strictly business decision and had nothing to do with the 66-year-old's sexist remark to a television reporter at Glenn Stewart's judiciary hearing last week.

"The comment had nothing to do with the decision," Perry said on Tuesday.

"The timing didn't look good, but it was blown out of proportion. Peter and the club have apologised for it.

"We are restructuring the whole business and he doesn't fit into it. I played a role in the decision. I take accountability for the decision.

"Part of my mandate when I came here from the board is that I had to make tough decisions.

"Not everyone is going to be happy with them and today is a classic example of that.

"The business needs to be financially more viable and I have come in to commercialise the business.

"This is not a personal issue and Peter will be part of the club in some form on-going."

Manly take on North Queensland on Saturday at the Sydney Football Stadium in the opening round of the finals and although Perry admitted the timing of Peters' redundancy is not ideal, he backed Hasler to not let it affect the players.

"The timing is not perfect, but I have spoken to the coach about that. It was not planned this way, but we had to deal with the issues at hand," he said.

"I hope Des and I can play a part in resolving that."

Perry also denied the club, which has been blighted by political wranglings at board level for many years, did not acknowledge loyalty.

"Absolutely not, if you look at what the players do week in week out led by the coach, you can clearly see the results on the field - loyalty is not dead," he said.

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