Penrith. Panthers to sell 12 clubs

The Panthers Group has resolved to sell 12 clubs regarded as “not core property” to ride itself of an $80 million debt, according to The Sunday Telegraph. The Panthers annual report noted the key reason behind the proposed sale of assets was $63 million loan that Panthers has to repay by June next year. Panthers posted losses of $61 million over the past eight years, including $9.5 million last year.