The future of cash-strapped NRL club Cronulla Sharks is hanging by a piano wire, with major sponsors LG Electronics dumping the club after a tumultuous 24 hours.ParraEelsNRL wrote:Oh for fucks sake.leagueiscrap wrote:THE identity of the mystery man who has invested $3.5 million cash to save the Cronulla Sharks can finally be revealed … he’s a pizza shop owner.ParraEelsNRL wrote:See, that's the type of dumb ******** shit I mentioned, you're in denial moron.
Do you even have a fucking clue about those teams you dickhead, I mean, you are supposedly an Australian living here, yet you post shit that tells me you have no fucking idea about anything outside your little AFL bubble, and half the time you either lie about that or get it wrong anyway.
Just give up moron, cronulla have more money than most sports clubs in the country seeing as they are selling apartments by the fucking truckload.
The secret benefactor is retired 60-year-old Shire businessman and owner of Al’s Pizzas, Paul Ellems, a long time supporter of the club.
His recent cash injection secured Cronulla’s NRL future by allowing the board to clear all remaining debts with the St George Bank.
Shane Flanagan wants new contract with Cronulla Sharks 0:39
Play video
http://mashery.news.com.au/image/v1/ext ... z9c5xuj3mc
Suspended Cronulla coach Shane Flanagan is looking for a contract extension at the club despite facing a season on the sidelines and the possibility of further sanctions.
Ellems started a construction business, Faux Brick, more than a decade ago and made his money from selling it five years later.
He purchased Al’s Pizza Pasta & Ribs in Cronulla not long afterwards.
“My kids were working at McDonald’s getting not much more than $5 an hour so I opened a pizza place and the kids work there,” he said.
“Their friends and relatives work there too – and on better pay than McDonald’s.”
Three years ago Cronulla’s debt to St George Bank had blown out to more than $14 million, the interest repayments almost crippling the club.
did you not read the article, no cash flow, struggled to make repayment on debt, but thanks to a pizza shop owner saving them, to stop the bank closing the doors on the club
all on this needed to run a football club with a revenue of 14 million
7.2 million that come from the NRL
like nearly all NRL clubs a pathetic joke, nothing but pokes as back up, and wealthy fans
Ding ding ding, we have a winner.
You sir are the dopiest merkin here![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
![]()
NRL calls crisis talks with Sharks
The sponsor refused to renew its contract, thought to be worth about $1 million per season, following a string of controversies,
https://au.sports.yahoo.com/league/news ... ponsor-lg/
Fairfax Media has been told that the Sharks fear legal action could cripple the club and the previous board had asked the NRL to provide up to $3 million if needed to cover the loss of sponsorship and legal expenses after ASADA announced it was investigating allegations of systematic doping at Cronulla in 2011.
The NRL had indicated it would give the Sharks an interest free loan or advance on their annual club grant but that money may now not be as forthcoming after the decision to reappoint trainer Mark Noakes and invite the other three staff to apply for jobs at the club was made without consulting Cullen or other senior management.
http://www.theherald.com.au/story/16728 ... -bail-out/
Cash-strapped Cronulla will risk being a further $400,000 out of pocket by contesting the provisional sanctions the NRL imposed on it over the supplements scandal.
http://www.theleader.com.au/story/20527 ... sanctions/
CRONULLA-Sutherland Leagues Club yesterday threw itself open to amalgamation in a move that could signal deeply troubled waters for the cash-strapped Sharks.
While Sharks chairman Damian Irvine last night played down the shock move to publicly advertise for partners, club industry sources were left deeply concerned for the future of the NRL's shakiest franchise.
Sharks officials earlier this week contacted ClubsNSW, which yesterday invited its member organisations to provide Cronulla with "expressions of interest" about a "possible amalgamation".
Cronulla had planned to tell its 18,000 members on Monday, but The Daily Telegraph discovered the development after obtaining the ClubsNSW circular from a rival NRL club official.
"ClubsNSW has been notified by the Cronulla-Sutherland Leagues Club Ltd that it is seeking expressions of interest from registered clubs in the same region with a view to exploring the possibility of an amalgamation," the circular read.
"The seeking of expressions of interest from registered clubs at this time is consistent with the club's plans as outlined at the most recent AGM to explore and research all possible models, structures and commercial options in order to present them to members in the near future."
Cronulla's survival has been a problem child for the NRL since the club was forced to ask it's financier, St George Bank, for an extra $500,000 to pay wages in December 2008.
It's understood the Leagues Club has continued to be hit hard by raised poker machine taxes - a common affliction which has resulted in 16 licensed premises across the state applying for amalgamation this year alone.
None, however, have yet found a partner.
http://www.thekennel.net.au/forum/showt ... hp?t=83031
THE cash-strapped Sharks insist they won't be relocating to West Australia despite approaching Perth billionaire Tony Sage for a $2 million, two-year sponsorship.
After reading about Sage's interest in a NRL Perth franchise, Sharks chairman Damian Irvine will contact Sage to discuss becoming Cronulla's major sponsor for next two years.
Irvine said he would hope to educate Sage, the former Shire schoolboy, in running an NRL club before the Sharks would then support a Perth entry into the NRL for 2015.
Sage lived for three years in the Shire, playing rugby league at Port Hacking High School
http://www.themercury.com.au/cronulla-s ... 6273233326
hey ParraEelsNRL do you have any idea about reality?
just keep proving you self to be a brainless tarrrd like aflcwapper & dribble dick dave
