Melbourne Storm chairman Rob Moodie has offered his resignation and admits the disgraced NRL side could fold.
"I've offered my resignation to (club owners) News Limited and it will stay there," Moodie told reporters on Friday.
"They haven't accepted it, if they want me to go, I will go."
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Moodie said he was convinced the club would survive, but admitted there was a chance it could fold and the club's main sponsors may walk away.
"Some (Storm employees) will want to walk, some fans will want to walk," he said.
"Some sponsors will obviously want to move on. We understand that."
It was revealed on Thursday that the Storm had been involved in a massive salary cap rort which involved concealing $1.7 million worth of illegal payments to its top players over five years.
Earlier today Brian Waldron, the man at the centre of the Melbourne Storm salary cap rort, resigned as chief executive of the new Melbourne Rebels Super Rugby franchise.
