I don't agree with this suggestion. Love or hate them, the Sharks are an icon in this league and must be saved.
Gold Coast must also be helped because if they fail, then expansion won't happen. They just need to sell off their property, get rid of Michael Searle and turn the business side of the club around. It might take a few years but with the right person it can be done.
Manly was an example of this. $1.4 million in the red, to now in the black...in less than a year. They have more investment property than us as well.
Once the NRL TV deal comes in it might improve as well.
On a side note, it was NRL on Fox I think where Mark Geyer said that the Central Coast Bears would not be one of the expansion teams, that it would be Perth and West Brisbane. I LOL'd!!