Sharks boss Barry Russell has quit the club in the wake of the latest salary cap scandal More:
Premiership coach Shane Flanagan was banned by the governing body last week, and a salary cap penalty was placed on the club. They will be forced to play about $350,000 under the salary cap for the next two seasons, and were also fined $250,000.
“It has been a very tough 12 months, both for the club and for me personally,” Russell said in a statement. “As you are aware, there have been several challenges we have had to face and resolve, particularly concerning integrity, governance, finances, personnel and structural change within the business.
“When I made the decision to self-report a salary cap discrepancy last year with the full approval of the Board, I most certainly did not foresee all the issues that were to follow.”
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Russell resigns as Cronulla CEO: 'The time is right'Barry Russell has resigned as chief executive of the Cronulla Sharks less than a week after the club was heavily sanctioned by the NRL for salary cap breaches and former coach Shane Flanagan's conduct.
Read more »
NRL 2019: Dylan Napa, Dylan Walker, Scott Bolton, Tigers salary cap, Sharks salary cap❌ Napa fined 10% of 2019 salary; ❌ Scott Bolton suspended 10 weeks; fined 5% of 2019 salary; ❌ Dylan Walker stood down for 3+ months; ❌ Sharks, Tigers hit with huge cap penalties The NRL comes down hard after the off-season from hell |
Read more »
NRL news: Jack de Belin stood down ARLC, Cronulla Sharks, live blog, verdictThe ARL Commission is set to rule on the immediate playing future of Jack de Belin and Dylan Walker, who are both expected to be stood down from the NRL.
Read more »
Sharks brace for heavy penalties as NRL uncovers multiple cap breachesCronulla will learn its fate from the long-running salary cap probe after this week's Australian Rugby League Commission meeting.
Read more »
Sharks say Gallen's business dealings have no impact on NRL's salary cap investigationsIn the NRL, payments from companies directly to players are known as third party agreements. They are permitted under salary cap rules, as long as the company is not a sponsor.
Read more »
Russell resigns as Cronulla CEO: 'The time is right'Barry Russell has resigned as chief executive of the Cronulla Sharks less than a week after the club was heavily sanctioned by the NRL for salary cap breaches and former coach Shane Flanagan's conduct.
Read more »
The Cronulla Sharks: the club that doesn't know how to play by the rulesThe Sharks have been fined $1.25 million and had $707,000 shaved off their salary cap for the next two seasons because of undeclared third-party agreements.
Read more »
Sharks forced to dump player after cap probeWhopping fine slashed as NRL finalises decision
Read more »
Calls for Trudeau to quit over Libya scandal link claimPrime Minister Justin Trudeau has refused to stand down over claims he interfered in a prosecution case to help a construction firm from his home town
Read more »