Here we go again? Salary cap issues?

[taipan]

I was in the bistro the day Dino walked down to that little kids space. He said the words “this is dead space, we need to fix this ASAP”

Isn't this the work of McAlteer the new Leagues club head, who built up Gymea Tradies to make decent brass.

 

[Differ To The Coifed]

Isn't this the work of McAlteer the new Leagues club head, who built up Gymea Tradies to make decent brass.

Edit. See below.

 

[Differ To The Coifed]

Isn't this the work of McAlteer the new Leagues club head, who built up Gymea Tradies to make decent brass.

Oops. Spot on. Got my faces mixed up. Was definitely mcalteer.

 

[Miller was a legend]

I agree.
Also another 300 plus units in the current stage pipeline ,at a min of $100,000 conservative profits share ,would mean $30m for the club.AT one stage the figure was suggested at about $40m plus to the completion west of the stadium.
Plus another 200 units over the retail section DA approved, plus rental monies for retail, surely the NRL would be conscious of this.

The problem I see ,is trying to find highly rated investigative journalists at the Telegraph.
The ones lying over bar stools and chundering in back alleys ,hardly qualify.

I forgot to use some kind of sarcasm clue lol

 

[Snoop Shark]

3,2, 1 telegraph article will appear

SHARKS
Sacked! Blood in the water at Shark Park with redundancies
Phil Rothfield, The Daily Telegraph
6 minutes ago
Subscriber only

• Shaun Johnson would thrive at Sharks
• Will your NRL club fail due to poor recruitment?

The cash-strapped Cronulla Sharks have been forced to sack 10 staff members to slash costs across the business amid genuine fears of the club’s long term viability.

Under directions from the board, chief executive Barry Russell handed out the redundancies to employees from commercial, digital/media and events on Tuesday.

The staff members will leave before Christmas.

The Daily Telegraph understands the Sharks finished last season with a $3 million loss, despite a $13 million grant from the NRL.

Cronulla Sharks CEO Barry Russell handed out the redundancies this week. Picture: AAP
MORE SHARKS NEWS

LOAN SHARKS: ‘BOGUS’ DEAL PAID FOR TWO PLAYERS

The sacking will save around $1.5 million next year.

NRL boss Todd Greenberg and his finance staff are monitoring the situation closely.

The Sharks have no major sponsor for 2019. Only one of four sponsor positions on the Sharks’ jersey has been sold.

Revenue from unit sales at the development site next to Shark Park has been used to clear debts of more than $6 million rather being invested into football operations.

Cronulla’s financial plight is of a huge concern to the NRL.

Cronulla Sharks chairman Dino Mezzatesta directed the club, along with the rest of the board, to hand out the redundancies. Picture: Brett Costello
The club is also under investigation for salary cap rorting in 2015 and revelations of a fake invoice scam and bogus $100,000 loan to players.

The club is still paying off the loan and facing a huge fine from the NRL.

The Sharks have been unable to offer coach Shane Flanagan a coaching extension because of the financial crisis.

The sackings leave the Sharks with an administration staff of only 12 and all about 25.

Cronulla Sharks coach Shane Flanagan is still waiting to see how his future at the club unfolds. Picture: Damian Shaw
They have to compete against teams like the Brisbane Broncos who employ 80 staff members.

The NRL is refusing to offer Cronulla any financial assistance.

The situation is so diabolical that a recent request for new computer equipment from the coaching staff was rejected.

There are suggestions the NRL side will be forced to play under the salary cap next year to save more costs although it will not affect the signing of champion Kiwi half-back Shaun Johnson, who will be getting the money from Valentine Holmes’ departure.

The Daily Telegraph is seeking comment from the Sharks and the NRL.

 

[carcharias]

Yay

Well that is different to what I’ve heard.

 

[MilkShark]

10 sacked and it saves 1.5 mill?

Talk about employees being overpaid.

 

[Quicksilver]

We need context for this. I'm all for redundancies if it means that we can put some money away to invest in revenue streams moving forward.

All these board members who were elected for their supposed business nous should be able to figure it out. I was sold the second coming of Christ after Irvine was moved on.

 

[Russell Crowe's Band]

If that's all true
The board should fall on their sword.
complete mismanagement. what an an absolute farce

f**k you sharks management

 

[MilkShark]

Said before and I'll say it again, there is a boys club surrounding Flano. They go to all the games, even the away games, the club is footing the bill.

f**k them off

 

[Differ To The Coifed]

Haha Cronulla. Whatever just close and build some more units. Perth here we come.

 

[Differ To The Coifed]

This forum might aswell be inside the news limited building. Employees all of us. You’re welcome buzz ya f**kwit

 

[taipan]

Now I understand why the NRL didn't give us the go ahead, to have a team in the NRLW comp.
Much as I wanted it to happen.

FWIW my read based on the Telecrap announcement by Beerguts ,the League clubs had its $6m debt paid off by unit sales.
And on that basis future unit profits would go to the Leagues club refurbishment and the football club, and that is why the NRL appears to be holding off, on making any decision on relocation ,which may not be necessary long term.
Fingers, legs and tits crossed.

 

[Snoop Shark]

This forum might aswell be inside the news limited building. Employees all of us. You’re welcome buzz ya f**kwit

Can you believe that grub? A DM with my paypal account details would be nice

 

[Differ To The Coifed]

12 hours it took for it to be posted here before it landed in the newspaper. Wow.

 

[Snoop Shark]

12 hours it took for it to be posted here before it landed in the newspaper. Wow.

If you include sleep time it’s probably 4 or 5 hours haha

 

[carcharias]

If you include sleep time it’s probably 4 or 5 hours haha

He is a merkin.

I clearly recall calling Fifita “Fifita the metre eater” in here.
A week later it’s in a newspaper column
Not long after I hear a commentator during a game call him that then saying that’s what the people in the shire call him.

 

[Generalzod]

So what’s f**king new people get sacked from work everyday what’s makes the Sharks any different geez and they where offered reduncies lol

 

[Generalzod]

Rothfield wonders why we don’t have a sponsor yet, he hasn’t written a positive thing about Cronulla and you know erase that tattoos you are a joke

 

[Differ To The Coifed]

I’m not for the club hiding stuff but fmd don’t continue to hurt it over and over again. f**k you cumstain rothfield.