It’s public knowledge that John Smit will not be seeking an extension to his tenure as Natal Sharks CEO, but more interesting are the rumours floating around Kings Park that another club legend and skipper (albeit with more business experience!) in Gary Teichmann will take over from Smit.
There’s been a fair bit of controversy at the Tank recently, with former CEO Brian van Zyl accusing Graham MacKenzie and the Sharks board of mismanagement.
The Sharks’ financials were not presented at the April AGM, and that raises questions regarding the state of their finances. However the club did secure an extension to their Cell C sponsorship deal which should help bring in some more money.