Cronulla Sharks chairman Damian Keogh had conveyed deep regret over his arrest for drug possession, the NRL club's chief executive Lyall Gorman said yesterday.
"He expressed great remorse to me that he had let me down personally," Gorman said.
Keogh has stepped down from his role at the NRL premiers after Cronulla confirmed Keogh was arrested in Woolloomooloo, Sydney on Friday night.
A small resealable bag containing a quantity of white powder, believed to be cocaine, was allegedly found during the search.
Keogh was issued with a field court attendance notice for possessing a prohibited drug.