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Sharks cap superthread - latest: NRL clears Flanagan to assistant coach from 2020

beave

Coach
Messages
15,671
I’m surprised that fox league haven’t fired up the cameras and started a weekly show, there’s enough content this offseason to sustain it tbh. Honestly it’s the most ridiculous offseason I’ve ever seen.
 
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Timmah

LeagueUnlimited News Editor
Staff member
Messages
100,985
Redundancies?! Well I'll be damned, what an outrage.
That's a rather simplistic way of looking at it. The panic manner of it, and what it leaves the club with is what's concerning - running the admin side of an NRL club with 12 staff is ridiculous.
 

JamesRustle

First Grade
Messages
8,049
That's some high level of ingrained incompetency in the Sharks dna to squander the development opportunity... outfoxed at the contract stage or rivers of gold from the development was burning a hole... if the speculation is accurate, of course.
 

King Ben

Juniors
Messages
1,182
That's a rather simplistic way of looking at it. The panic manner of it, and what it leaves the club with is what's concerning - running the admin side of an NRL club with 12 staff is ridiculous.

If I was writing the story, I would've went with the "Evil cheating Sharks fire staff on the eve of Christmas! They have families!" angle, myself. On the flip side though, you've got a new CEO who has been open about reviewing the club's operations and November is the ideal time to clean things out and find more appropriately paid staff to takeover as pre-season heats up in January.

More realistically they probably had to pay a $1.5 million loan back to a local pizza guy and this was the only way of getting the money.
 
Messages
15,545
If I was writing the story, I would've went with the "Evil cheating Sharks fire staff on the eve of Christmas! They have families!" angle, myself. On the flip side though, you've got a new CEO who has been open about reviewing the club's operations and November is the ideal time to clean things out and find more appropriately paid staff to takeover as pre-season heats up in January.

More realistically they probably had to pay a $1.5 million loan back to a local pizza guy and this was the only way of getting the money.

That's not how redundancy works. You can't make staff redundant and then re-hire someone to do the same job at a lower rate a few months later. That is against the law.

To make someone redundant their job needs to actually no longer exist.
 

King Ben

Juniors
Messages
1,182
That's not how redundancy works. You can't make staff redundant and then re-hire someone to do the same job at a lower rate a few months later. That is against the law.

To make someone redundant their job needs to actually no longer exist.

Hire a social media specialist instead of a social media manager. There you go, legal.
 

Diesel

Referee
Messages
23,753
The Sharks always go into a new/pre-season without full sponsorship, this is hardly newsworthy information
 

taipan

Referee
Messages
22,500
The Sharks always go into a new/pre-season without full sponsorship, this is hardly newsworthy information

I don't know about full sponsorship, but I know a journo who goes into every pre and new season full.And it "ain' t" sponsorship.
 

super_coach

First Grade
Messages
5,061
The Sharks are like a person who is a absolute battler who wins lotto and than blows the lot and end up back as a battler.

For years the Sharks survived on Chook raffles and doubles on the main game, they also were in the shadow of receivership for about a decade. Than comes along the chook that lays the golden egg in the form of a property development and everything I’d rosey. They win that title and are on a crest of wave......few years latter they are back on struggle street with a salary cap scandal hanging over their head.

They would make a great soap opera
 

Perth Red

Post Whore
Messages
69,549
If true, and Id take it with a pinch of salt as the Sharks wont have released their financials for the year yet I wouldn't have thought, it does beg the question how do you manage to get $3mill extra grant payment and still lose $3mill? (they posted a $2.5mil loss in 2017).

So basically they managed to spend $3.5mill more in 2018 (or their revenue dropped by $3.5million after NRL grant) than in 2017 after player payments. Their sponsorship portfolio in 2017 was quite healthy at $7.5million, surprised they are struggling for corporates for 2019?

ps Sharks are also already carrying $2.4mill of unsecured debt to two lenders and a $3mill debt secured against revenue from the stage 2 development of the project.
 

betcats

Referee
Messages
23,956
Brisbane Sharks incoming.

Cronulla the salary cap, drug cheating merkins. If it was pre 2016 people might care but they’ve been wankers for a couple years now.
 

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