Quoting ♥ inÍs:" Imagine there was a beach that was always full of people, families, children, so on. And suddenly a shark ... [snip!] ... back to the water, since it's in our OWN habitat too, we could cruely torture it like it does to humans, right? Just sayin'.."
Umm, what? Sharks don't "cruelly torture" humans. They don't even willfully bite or kill humans. It's not like they see a person swimming and go "Oh, let me bite that guy's leg off; that would be fun!" It's a misunderstanding.
I vote for neither of your options. They could relocate the shark to proper feeding grounds, put stronger restrictions on nearby fishing (that attract sharks to shores), eliminate offshore chumming, etc.