The first domino has fallen in the new Knights hierarchy, with Chief Executive Steve Burraston announcing that he will stand down from his position, effective immediately, in a position that he has held for four years.
For Burraston, he has stood down in what he believes are in the best interests of the Newcastle club, as he moves on to other opportunities that will present themselves.
â€œThe Club has been through a torrid time of late and with new ownership it needs to be given a fresh start,â€ Burraston said.
â€œWhen I commenced in the CEO’s role in 2007 the board asked three things of me â€“ to turn around the Club’s bottom line; to bring about a culture change; and to establish long term sustainability for the Club.
â€œWe have ticked all three of those boxes in a very short period of time.â€
Under the guidance of Burraston, in just 1 year, the Knights were back into the profit margin, after a disastrous loss of $1.7 million dollars in 2007.
The Tinkler Sports Group privatisation has ensured the long-term sustainability of the Newcastle club.
Knights Chairman Rob Tew wishes Burraston all the best in his future endeavors, and has thanked him for his contribution to the Knights.
â€œThere have been a number of difficult matters which have been successfully dealt with during Steve’s time as CEO,â€ Tew said.
â€œThese include: a successful challenge with respect to the rental abatement as was originally offered by the Hunter Venues Authority; a 100 per cent successful outcome at the Arbitration hearing in respect of negotiating a new access agreement with the Venues Authority; the introduction of the most comprehensive illicit substance policies and testing procedures in Rugby League in accord with our relationship with the Australian Drug Foundation; and identification of alternative funding proposals.
â€œAll of which required resilience, ability and fortitude in the face of much unwarranted public criticism.
â€œIn the interim three to five weeks of transition, the management of the Club will be supervised by a steering Committee of Ken Edwards, Troy Palmer, Nick Dan and I.â€