Quote: dally messenger "take out depreciation and other non cash items and one offs whats the situation?
if you idiots are saying they are cash flow negative then heaven help you.
land in sydney is v.valuable.
as sites for home units they can all be sold to developers
eg souths sold their land for $15 million in 2 lots.
but some of you just dont understand the property market'"
Point one.
My information comes directly from a mate who is currently managing at one of the clubs owned by Panthers (not one of the ones earmarked for closure/sale). I used the newspaper article to provide text, [inot[/i as sole source.
Point two.
What part of "
They have been forced to cut the grant to the NRL side by $1 million, and I know for a fact that funding to their junior comps and local development have been slashed too" are you too thick to understand?
Nah, they're not in trouble. They just reckon that Penrith RLFC don't need the money.
