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SBD Global/December 2, 2013/Franchises

Cronulla Sharks Prepare For A$1M Fine From NRL Over Governance Issues

National Rugby League club Cronulla Sharks is bracing itself for a A$1M ($910,000) "fine from the NRL over corporate governance issues relating to their controversial supplements program in 2011," according to Daniel Lane of the CANBERRA TIMES. With the Australian Sports Anti-Doping Authority "investigations now likely to drag on into the new year, the Australian Rugby League Commission is finalising its own probe of the club." Sharks insiders believe the result "will be a seven-figure hit, a huge blow for the only club without a major sponsor in 2013." The club "operated without a CEO during the period in question and a lack of resources forced some staffers to perform the roles of several employees." Cronulla's "tenuous financial position" means it may have "to ask for an advancement of grant money in order to pay a fine" (CANBERRA TIMES, 12/1).
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