The Sharks have been hit with a proposed $1 million ($NZ$1.080 million) fine and their coach provisionally suspended for 12 months, as a heavy hand was taken to the club's controversial 2011 supplement program.
Chief executive said the club had failed many of the players in regards to safeguarding their health and welfare, adding that they were exposed to significant potential risk.
Former strength and conditioning coach Trent Elkin has also had his registration provisionally cancelled.
$400,000 of the proposed $1 million fine would be suspended if the club met a series of conditions.
He added the coach's suspension may be shortened to nine months if he undertook further education and training.
"Information of a serious nature has been presented, and following a thorough and rigorous assessment, I have formed a preliminary view that the club is in breach of the rules and that action needs to be taken with respect to the registrations of two individuals," Smith said.
ASADA's investigation is still ongoing and as such, no infraction notices have been handed down to players.
