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If the Sharks are crippled financially the NRL would take immediate control of the cash-strapped club, according to reports.
Fines totalling $800,000 were dished out to the club over the Shane Flanagan saga on Thursday, and further penalties are expected once the salary cap breach investigation is completed in January.
These significant hits to Cronulla’s coffers would throw the club’s immediate future into doubt, with the Daily Telegraph reporting the NRL’s considering the relocation of the one-time premiers.
Veteran league writer Dean Ritchie claims the NRL have held “private talks at the highest level” because the governing body cannot afford for Cronulla to dive into bankruptcy without having a contingency plan.
Ritchie says the option of relocating the Sharks to either Brisbane or Perth has been raised.
Of course, the Sharks — who endured a $3 million loss in 2018 and are currently without jersey sponsors — are confident they can avoid such a scenario, and have reportedly guaranteed two financial injections to keep them afloat in the short-term.
News Corp also understands the next stage of the Woolooware Bay development — based next to Shark Park — will result in another financial boon.
The NRL recently announced it would spend 12 months working on a relocation and expansion strategy.
https://thewest.com.au/sport/rugby-l...c90965e0a4a558
"12 Years aSupporter" starring the #SeaOfBlue
Perth Sharks should go down well here....
The long sobs of autumn's violins wound my heart with a monotonous languor
Inheriting someone else’s poorly run mess won’t generate a fan base.
'I may be a Senator but I am not stupid'
https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne
Link to Senate Report http://www.aph.gov.au/senate_ca
https://www.change.org/p/rugby-australia-petition-for-cameron-clyne-to-resign-as-chairman-of-the-rugby-australia-board
Not going to happen.
"The main difference between playing League and Union is that now I get my hangovers on Monday instead of Sunday - Tom David
Bloody mungos
80 Minutes, 15 Positions, No Protection, Wanna Ruck?
Ruck Me, Maul Me, Make Me Scrum!
Education is Important, but Rugby is Importanter!
deadset,what a gee up
Turn it up you imboes.
"The main difference between playing League and Union is that now I get my hangovers on Monday instead of Sunday - Tom David
Does anyone know what has happened to Rex? He hasn't been around for a while.