Infotainment Factory: Sharks could face NRL relocation: Report

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Thursday, 20 December 2018

Sharks could face NRL relocation: Report


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The Cronulla Sharks could face the prospect of being relocated should the NRL assume control of the embattled club, according to reports.

The Sharks were slapped with fines totalling $800,000 over the Shane Flanagan saga on Thursday, with further penalties expected at the conclusion of the salary cap breach investigation come January.

The financial implications have the potential to throw question marks over the Sharks’ future, with The Daily Telegraph reporting the the NRL could consider relocating the club should they go into receivership.

Paul Gallen

The report claims the NRL held “private talks at the highest level” to deal with the implications of the Sharks falling into bankruptcy, a reality the league cannot afford to happen.

Relocation to either Brisbane or Perth was reportedly raised as a solution.

The Sharks claim they can guarantee the injection of two financial sums to satisfy the penalties, with enough left-over to keep the club up and running.

Sharks confident about finances despite fines, no jersey sponsor

The club withstood a $3 million loss in 2018 and are currently without jersey sponsors.

The NRL recently announced it would be looking into a relocation and expansion strategy.

The Cronulla Sharks could face the prospect of being relocated should the NRL assume control of the embattled club, according to reports.

The Sharks were slapped with fines totalling $800,000 over the Shane Flanagan saga on Thursday, with further penalties expected at the conclusion of the salary cap breach investigation come January.

The financial implications have the potential to throw question marks over the Sharks’ future, with The Daily Telegraph reporting the the NRL could consider relocating the club should they go into receivership.

Paul Gallen

The report claims the NRL held “private talks at the highest level” to deal with the implications of the Sharks falling into bankruptcy, a reality the league cannot afford to happen.

Relocation to either Brisbane or Perth was reportedly raised as a solution.

The Sharks claim they can guarantee the injection of two financial sums to satisfy the penalties, with enough left-over to keep the club up and running.

Sharks confident about finances despite fines, no jersey sponsor

The club withstood a $3 million loss in 2018 and are currently without jersey sponsors.

The NRL recently announced it would be looking into a relocation and expansion strategy.

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