Cronulla Sharks Board + Management

Tiger Shark

Tiger Shark

Jaws
Joined
Apr 27, 2010
Messages
8,563
Reaction score
467
Location
Sydney
Sparkles said:
It was a short exchange on the episode with the social media guy from the Sharks... episode before last maybe? Just caught my ear as it was about the club being short of cash or along those lines. They moved on pretty quickly
Click to expand...
yeah I listened to that too and didn't pick up on it.
 
Sparkles

Sparkles

Jaws
Joined
May 21, 2008
Messages
9,558
Reaction score
1,344
I don't think Sam lurks here too much these days... But if you're reading this mate...
 
S

Six Again

Hammerhead
Joined
Nov 13, 2020
Messages
330
Reaction score
162
Location
Sharks Shire
Sparkles said:
It was a short exchange on the episode with the social media guy from the Sharks... episode before last maybe? Just caught my ear as it was about the club being short of cash or along those lines. They moved on pretty quickly
Click to expand...
Was it the same " social media guy " employed by the club who criticised the club on twitter at time of the Morris saga.
 
Gal The Goat

Gal The Goat

Hammerhead
Joined
Feb 21, 2021
Messages
483
Reaction score
178
SF said:
The club hosted a members night in the Chairman’s Club marquee… nicely done, if a bit long, but shows the professionalism of a fairly small team. Fitzy spoke as well (unplanned), and you can see why he’s inspiring the team. Mooney also sounds on top of everything.

On the financial side, Sharks are ahead of their budget/forecast, and expect to make a group profit of about $300K for their financial year starting November (though that includes returns on investments too). Kareela expected to make about $1.1 million profit, even though it has been hit by golf course closures.

New development expected to open all in one grand opening around this time next year (previously it was going to be staged). Club will get access to the new leagues club 6 months prior to grand opening for fit out.

Next year will be reduced capacity, and there will be changes to the family hill over summer, but they expect final stadium capacity to be back to 16000-17000 (not quite sure where everyone else will fit). Current capacity is around 11,500 with only 4,500 tickets available each round to non members.

Coffs Harbour Bowling Club plan not going ahead at this stage (mutually agreed).
Click to expand...
I’ll bump this. But who knows 🤷‍♂️
 
Proud Shark

Proud Shark

Jaws
Joined
Feb 3, 2015
Messages
6,256
Reaction score
947
Sparkles said:
Sam from Sharkcast hinted at there being financial issues at the club while speaking with a guy who worked at the club. Anyone know anything more?
Click to expand...
Sounds like you might need to timestamp this as I didn't catch that either. I thought there was a joke about spending some of the 40m in the bank or something? That was the only money aspect I can remember.
 
A

apezza

Great White
Joined
Apr 1, 2010
Messages
3,364
Reaction score
1,258
I listen to all Sam's podcasts and don't recall either. I'm sure if it was serious some jurno would have jumped on it.
 
SF

SF

Mako Shark
Staff member
Joined
Dec 16, 2005
Messages
9,188
Reaction score
627
Location
Monty Porter Stand
I think overall we are doing OK at the moment, but still we run on a very tight budget and less staff (on less $) compared to other clubs. I didn't hear the episode but imagine the social media guy would probably just have been referring to that if anything.

Without being an accountant it's very hard to 100% know where all the development money is going, but that's what auditors are for. The leagues club fitout will be very expensive, and I believe they were looking at getting a loan for that, given finance was cheaper at the time than using the investment fund. Overall there will always be a point where the money probably runs down, it's just about trying to make sure the two leagues clubs and any other investments are profitable by then.
 
Sparkles

Sparkles

Jaws
Joined
May 21, 2008
Messages
9,558
Reaction score
1,344
SF said:
I think overall we are doing OK at the moment, but still we run on a very tight budget and less staff (on less $) compared to other clubs. I didn't hear the episode but imagine the social media guy would probably just have been referring to that if anything.

Without being an accountant it's very hard to 100% know where all the development money is going, but that's what auditors are for. The leagues club fitout will be very expensive, and I believe they were looking at getting a loan for that, given finance was cheaper at the time than using the investment fund. Overall there will always be a point where the money probably runs down, it's just about trying to make sure the two leagues clubs and any other investments are profitable by then.
Click to expand...
Yep probably relates to being tight on cash because of those things you've mentioned, SF
 
Sparkles

Sparkles

Jaws
Joined
May 21, 2008
Messages
9,558
Reaction score
1,344
Proud Shark said:
Sounds like you might need to timestamp this as I didn't catch that either. I thought there was a joke about spending some of the 40m in the bank or something? That was the only money aspect I can remember.
Click to expand...
It'll have to go through to the keeper then mate, those episodes go forever!
 
You must log in or register to reply here.
Top