Sharks Chairman Damian Keogh has stepped down from his role, following reports that he's been arrested and charged following allegations of possession of a prohibited drug overnight.
Danny Weidler has reported that the prohibited drug is believed to be cocaine, with the court date set for June 30.
The Sharks have released the following statement this morning in relation to the incident.
Sharks' statement
Our Club advises that Chairman Damian Keogh has stepped aside in his role to allow him to address allegations of possession of an illegal substance.
Given the challenging personal nature of this matter, Damian is not currently available for comment.
Club CEO Lyall Gorman will be addressing the media later today.