Charmamba
Life is a Fantasy League
- Jan 9, 2011
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http://www.foxsports.com.au/league/nrl- ... 6045520491Penrith officials are keen to make an appointment as early as possible but their search is likely to rest on a number of factors, the most important being the club's perilous financial position.
The football club's annual report for last year showed a loss of $1.7 million.
Furthermore, the club's umbrella organisation - Penrith Rugby League Club Ltd - lost more than $10m, putting added pressure on their ability to give money to the football club. Last year, they gave the football club a $3.5m grant.
Is every NSW club going broke or something? Knights have been saved but what about the rest?