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A third Cronulla Shakrs director has handed in his resignation, as the NRL continues to look into the salary cap issues at the club, according to the Sydney Morning Herald.

Paul McCarthy, who was a member of Cronulla’sΒ audit, risk and compliance sub-committee, spoke to the Sharks’ board earlier in the week and tended his resignation with immediate effect.

McCarthy joins Craig Ayrie and Paul O’Neile in exiting the club over the past three months, with McCarthy only in the position for less than nine months, after joining the board in March of this year.

The NRL’s investigation into the club’s salary cap stems from the Sharks’ self-reporting six months ago.

Cronulla CEO Barry Russell was believed to have contacted the league after finding an undisclosed payment, although the NRL still need to determine if that was the only breach of the salary cap, or if the Sharks have more to answer for.

14 COMMENTS

  1. OK, enough salary cap excuses by Roosters apologists! I have posted my comprehensive view on TPA’s and the Roosters salary cap position on the “NRL releases total value of each club’s third-party agreements” story.

    @ mighty and eels47

    PLEASE let the Roosters apologists argue this for themselves. I don’t remember them going into bat for the Eels when your club got busted for breaching the salary cap.

    • What about”Ned”, may he join the debate? Just kidding.
      But seriously, it’s worth having a read of that article in its entirety, and the new player management agreement.
      Going forward the NRL will have access to players phone and bank account records, clubs and agents will have to submit all formal player contract offers to the NRL, agents will be held far more accountable, even legally responsible (under contract law) etc.
      The NRL is making real progress.

    • I read it, everybody take my advise and skip it. Full on garbage how Reg Nero goes on his usual Roosters attack has them over the cap with HIS, yes HIS estimates. What a total waste of time.

      You see Reg The NRL has all the true contract values and they have already come out and said the Roosters are compliant for 2019. Reg Nero loves to add a few hundred thousand to each Roosters player contract and then….. complains why it cant fit under the cap.πŸ˜πŸ˜†πŸ˜‚πŸ€£πŸ˜πŸ˜†πŸ˜‚πŸ€£

      Its because Reginald you have over priced every player. HELLO McFly, anybody home❓❓❓❓❓❓

        • Cheers. Reg is the movie buff here so I took a stab in the dark and landed in deep water. I guess I’m gonna need a bigger boat! LOL

          It seems that EVERY club is over the salary cap these days EXCEPT for the Roosters, doesn’t it? And they don’t even use TPA’s according to the “official NRL Nick Politis approved” figures.

        • No Reg alias Nero, in the world according to you everyone is over the cap including the Roosters except Souffths. But in reality One team is in cap trouble Manly and another on the Horizon in Cronulla🎱🎱🎱🎱🎱🎱🎱🎱

        • Woodchoock he exposed his self as being reg the moment he dribbled on about us signing crighton for 1m and his only evidence is from zerotackle and for all we know it’s a typo like the rest of there articles.

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