Cronulla Sharks ready to make tough financial decisions



[ad_1]

Cronulla's chief executive, Barry Russell, said his club would come out of the financial turmoil, but admitted that tough decisions would have to be made.

He confirmed Thursday that in the Daily Telegraph, 10 staff members had been fired. They finished their work before Christmas. This leaves the front desk about a dozen employees.

But Russell also told NRL.com that there would be no more compression of employees in the administration and that the club was hoping to sign a new sponsor before the jersey before the start of Telstra's Premstraat 2019 next March .

"We needed to restructure our business to secure our long-term future," Russell told NRL.com.

"We are currently facing financial difficulties that we have to settle in. Unfortunately, this is necessary, and I recognize that the schedule is very poor.

"It's sad and I'm very disappointed, and I realize it leaves us with a small team, but we are a very competent group and we are striving for a successful 2019 season.

"The financial stability of our organization is the challenge of all NRL clubs – you want to run a profitable business, so we had to make radical changes internally to get on the right track."

Russell said the "overall" expenses would also be reduced to the club, but that there would be more staff fired.

"It's all for the staff – we just have to look at each line and be diligent in our spending – there is a light at the end of the tunnel – this club has a great future."

Russell said business revenue was the next area where the club needed to maximize its efforts.

Opal Solar did not choose, in 2019, its option to stay ahead of the Sharks jersey, which would bring a million dollars a year to the clubs.

"We have a number of important properties available (on the first-year jersey)." Everyone is working hard behind the scenes to find long-term sponsors.

"Our goal is to recruit a new sponsor before the start of the new season, and we intend to make it a reality."

Another element that the Sharks hope to strengthen the fate of the club is the signing of the New Zealand Ziwis Shaun Johnson of the Warriors.

An offer was made to the 28-year-old, but it is unlikely to be finalized on Thursday as head coach Shane Flanagan attends the NRL's annual coaching conference at Moore's headquarters. Park.

The money earned by Kangaroo winger Valentine Holmes who decides to leave the Sharks earlier this month to get into the NFL will free up funds to sign a one-year contract with Johnson.

[ad_2]
Source link