Top Shark Calls It Quits

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Top Shark Calls It Quits

Photo: Getty Images

Cronulla Sharks chairman Damian Keogh has announced his resignation from the NRL club's board after he was handed an 18-month good behaviour bond in a Sydney court for possessing a prohibited drug. Watch the video at the bottom of the page.

Police in early May found a resealable bag of white powder on the 55-year-old after searching him at a licensed premises in Woolloomooloo.

At the time, he stood down from his role at the club.

Keogh appeared in Downing Centre Local Court on Tuesday, with Deputy Chief Magistrate Jane Mottley deciding not to record a conviction.

"With regards to the Sharks, I have (now) decided to step down entirely from the board," Keogh said outside court afterwards.

"I recognise my ongoing involvement with the club has the potential to be an unnecessary distraction."

Keogh's defence barrister, Murugan Thangaraj SC, told the court the former professional basketballer had been made a Member of the Order of Australia for his service to the community and sport.

The lawyer also said Keogh had loaned Cronulla more than a million dollars "in order to keep them afloat" and had led them from trouble to a premiership.

Ms Mottley said Keogh was well-regarded and she took into account it was his first drug offence.

The magistrate told the court Keogh had been passed the drug by someone else.

"Someone of your age and experience should have simply passed it back," she said.