Penrith insolvency tipped - 2004-01-12
The financial foundation of premiers Penrith will start to fall apart in the coming 12 months, according to Panthers Leagues club supremo Roger Cowan.
Cowan has forecast a bleak future with the implementation of the State Government's new poker machine tax, claiming an independent report compiled by insolvency experts Ferrier Hodgson had "under-estimated" its impact.
Cowan's comments come amid the salary cap debate sparked by the Sydney Roosters' threat to take legal action if it is not increased.
Read the full story at The Australian 
