Big news on many levels for Cronulla fans.

And finally, it's positive.

The Cronulla board have successfully proven their financial stability to the NRL after submitting solvency paperwork on Friday.

NRL boss Todd Greenberg's wish for the Sharks to not only survive in the Shire, but thrive was supported by positive budgetary forecasts and a promise to re-model the business at Cronulla.

The Sharks also recieved a $1.5 million cash injection by a local businesman on Thursday which will alleviate their financial challenges.

On the field, the Sharks are also set to be handed a major boost with co-captain Wade Graham on the verge of signing a new three-year deal.

Graham is determined to be part of the club as it moves into a new era without Shane Flanagan.