Sharks under Salary Cap investigation

[Bird of Prey]

Sharks shake off financial dramas to target Sea Eagles star Taupau
By Adrian Proszenko
30 November 2018 — 4:53pm

Cronulla’s financial problems haven’t prevented the club from splashing the cash on top playing talent, with the Sharks targeting Martin Taupau and Braidon Burns in a recruitment drive that is already poised to land Shaun Johnson.

The Shire outfit’s already small front office took a further hit when 10 staffers were made redundant during the week. Cronulla remain without a major sponsor or a naming-rights stadium backer and have reportedly emerged from their 2018 campaign $3 million in the red.

The Sharks could also face a fine if an NRL probe finds they cheated the salary cap, although the fact the club self-reported could limit the damage. The grim financial position comes at a time when all 16 clubs are being funded to the tune of $13 million per season - or 130 per cent of the salary cap.

Continues at link: https://www.smh.com.au/sport/nrl/sh...t-sea-eagles-star-taupau-20181130-p50jhn.html

Adrian Who another jurno light weight who where he can will always have a dig at Manly in some way, just brush it off.

 

[Mark from Brisbane]

Oh ****, here we go again!!

Oh and Salary Cap drama’s....what salary Cap!!!!

 

[ManlyTragic]

Personally I'm a bit perplexed how the 10 staff they are letting go who were media and comms staff will save 1.5M - how much were they paying these people?

https://www.ausleisure.com.au/news/sydney-based-nrl-clubs-lost-34.1-million-in-2016-season/

Umm.... I’m guessing about $150,000 pa each. Just sayin

 

[Loobs]

Umm.... I’m guessing about $150,000 pa each. Just sayin

I get the maths but what I’m saying is that average for 10 people would make one think everyone there is extremely overpaid.

 

[BrendonStarr]

As this time of darkness approach i experiencing through you this inner desires this darkest thoughts lol

 

[Ryan]

Wonder if the Knights would be prepared to release Kalyn Ponga, oooh, and the Storm Cameron Munster...and while I'm at it, Tedesco from The Roosters if Manly are interested?

Seems just as fair and appropriate.

 

[Budgie]

Rugby League is broken.

 

[Mark from Brisbane]

Rugby League is broken.

Yep, a lot of it is.

When you’ve been watching for a long time you yearn for the good old days.

 

[manly al]

The Shark ;s present or reportedly present financial problems is unexpected as there was every indication that the commercial property development they were connected with was almost assured of providing some better long term security for the club . Over capitalization , over estimating or below par returns , something has gone seriously wrong with that venture as things now appear and with the dependence that the Sharks were placing in the anticipated returns . For the best interests of the game , surely preferable for the Sharks to still have a longer term presence in the N R L but looks like some serious attention will be required to get their financial affairs in better shape fairly promptly .

 

[manly al]

Maybe the Sharks will have a fire sale with some surplus to requirements furniture . Could be a good opportunity and resourceful to compliment some of the remaining furniture at the Narrabeen training head quarters .

 

[sheridanstand78]

So the Sharks are in the financial Do do again, I seem to remember a bail out package for them in 1983 that was organised by Arko and our club to stop them going under, something that Rothtool never mentions when he refers to history.

It is a blight on the game that only one club is in profit and that club is propped up by a media empire and is a one team town and the rest of the teams are losing money, This is all on Greenturds watch!! Some clubs get bail outs and others get dixie!! We need an administration that is for all clubs, not just a few!

 

[Tragic Eagle]

The timing of salary cap drama investigation. (that the NRL are alarming quiet about), the financial dilemma leading to the dumping 10 staff just before Xmas and not being to attract major sponsors smells like real trouble for the Sharks. When Manly were persecuted it was a media circus with Greenburg as the ring master but the Sharks are being treated like a protected species. This bull**** about self reporting leading to lesser penalties is a none sense. I bet it’s not the actual perpetrators that are reporting. What happened to vicarious liability ? The reporting official if not involved should not be punished but the club should get no benefit for that individual’s act of honesty and self preservation.

 

[ManlyTragic]

I get the maths but what I’m saying is that average for 10 people would make one think everyone there is extremely overpaid.

Sorry bro I was just being a smart ass

 

[Ryan]

The timing of salary cap drama investigation. (that the NRL are alarming quiet about), the financial dilemma leading to the dumping 10 staff just before Xmas and not being to attract major sponsors smells like real trouble for the Sharks. When Manly were persecuted it was a media circus with Greenburg as the ring master but the Sharks are being treated like a protected species. This bull**** about self reporting leading to lesser penalties is a none sense. I bet it’s not the actual perpetrators that are reporting. What happened to vicarious liability ? The reporting official if not involved should not be punished but the club should get no benefit for that individual’s act of honesty and self preservation.

Write to Greenburg, and copy in a reporter.

 

[Highflier]

The timing of salary cap drama investigation. (that the NRL are alarming quiet about), the financial dilemma leading to the dumping 10 staff just before Xmas and not being to attract major sponsors smells like real trouble for the Sharks. When Manly were persecuted it was a media circus with Greenburg as the ring master but the Sharks are being treated like a protected species. This bull**** about self reporting leading to lesser penalties is a none sense. I bet it’s not the actual perpetrators that are reporting. What happened to vicarious liability ? The reporting official if not involved should not be punished but the club should get no benefit for that individual’s act of honesty and self preservation.

Did we not self report as well?
I’m sure I read that somewhere, a fat lot of good it did us
Come on Greenberg meter out the same vicious underhand and deceitful treatment to the drowning sharks that u did to the soaring eagles u grubby little bald headed lying hoax

 

[Mark from Brisbane]

Did we not self report as well?
I’m sure I read that somewhere, a fat lot of good it did us
Come on Greenberg meter out the same vicious underhand and deceitful treatment to the drowning sharks that u did to the soaring eagles u grubby little bald headed lying hoax

And the chances of that are..........

 

[Cameron]

Don’t worry about Greenberg guys his days are numbered. He would be looking over his shoulder now Annersley is back at the NRL.
Give it 12-18 months and Annersley will be ceo and the bald myth with be long gone.

 

[Briza]

So the Sharks are in the financial Do do again, I seem to remember a bail out package for them in 1983 that was organised by Arko and our club to stop them going under, something that Rothtool never mentions when he refers to history.

It is a blight on the game that only one club is in profit and that club is propped up by a media empire and is a one team town and the rest of the teams are losing money, This is all on Greenturds watch!! Some clubs get bail outs and others get dixie!! We need an administration that is for all clubs, not just a few!

Was about to post similar, from memory it was 150-175k which would probably equate to 1m these days at a guess.
I think it took the ****ers 20 years to pay it back.

 

[davohan123]

The thing for me is this
this announcement and the timing of it is very suspicious to me.
You look at it the sharks are not coming under any real and hurtful media coverage for this.

Us when it was our turn every day on nrl360 , triple m and the daily Tele our club and our circumstances was commentated and discussed at length and journalists could get away with saying very damaging things about our club.

The sharks and in particular buzz has got away with this easy (this is his club he so highly regards),being the off season.

Really what sharks are being accused of is much worse than what we got done for and are being given a free ride.

 

[master blaster]

The thing for me is this
this announcement and the timing of it is very suspicious to me.
You look at it the sharks are not coming under any real and hurtful media coverage for this.

Us when it was our turn every day on nrl360 , triple m and the daily Tele our club and our circumstances was commentated and discussed and length and journalists could get away with saying very damaging things about our club.

The sharks and in particular buzz has got away with easy.. being the off season.

Really what sharks are being accused of is much worse than what we got done for.and are being given a free ride.

With you 100% on this. My mate and me were discussing the very same thing this morning. We were in the news nearly everyday and our brand was plastered all over the front pages