Official release: Sharks members vote yes
Cronulla Sutherland League Club Members tonight voted resoundingly in favour of the Board’s proposal to enter into a venture partnership with Bluestone Capital Consortium.
Over 98% of the 575 Members in attendance provided a strong show of support for the board of directors and management of the Sharks, who presented their preferred development partner to Members after a 12-month process to locate the best financial and community outcome for their land holdings.
Ten hectares of club land will be developed under the proposal, which includes mixed-use retail and residential development.
The meeting began positively with Sharks chairman Damian Irvine announcing that late today Minister Tony Kelly has signed off on the Part 3A application.
Irvine and the Sharks board of directors were very pleased with the result.
"Our job is to research all possible options and leave no stone unturned in locating and performing due diligence on the best possible options for our membership," Irvine said.
"That our Members have agreed to support our preferred partnership so resoundingly tonight is a fantastic endorsement for our club and our future.
"For the result to be so convincing only confirms to the greater community, that we are a proud united club, doing what needs to be done to not only survive into the future but also prosper."
Club legends Andrew Ettingshausen and Gavin Miller, along with the current NRL squad, were on hand to show their support of the property development, along with a range of Leagues Club Members and past and present club stalwarts.
While buoyed by the result tonight, Irvine was still cautious in reiterating that there is still plenty of hard work ahead to ensure that Members expectations will be upheld.
"This is a club with a future, and a very strong future and I encourage all past sponsors and Members who might not have renewed their association with us, or any potential sponsors and Members to get in touch with us and be a part of what is the most exciting era of the club's history," Irvine said.