In just two years Penrith Panthers have gone from the brink of insolvency to a business powerhouse planning an $850 million precinct.
Warren Wilson and Phil Gould are keynote speakers at the Western Sydney Business Connection lunch. (Photo: Matt Sullivan) Source: News Limited
Panthers CEO Warren Wilson and Executive General Manager of Rugby League Phil Gould last week shared how the business survived and thrived with the Western Sydney Business Connection.
Mr Wilson said it was important to share the company’s story.
Business leaders gather to gear the Panthers Transformation story. (Photo: Matt Sullivan) Source: News Limited
“We are a major player in Penrith and we think the Western Sydney area hasn’t been on the top of everyone’s list for many years,” Mr Wilson said.
“It’s about time that politicians, business organisations, and other groups recognise what we are trying to do out here and what’s available.
“We’re right in the middle of it in sport, community and business and we’re quite happy to put our hand up for Western Sydney, so this is a great opportunity to do that and share our story.”
The lunch gave business owners the chance to learn first-hand the key drivers behind the change, how to identify which areas of the organisation were in need of improvement, and more.
Michael Sugg, the General Manager of The Western Sydney Business Connection opens the lunch. (Photo: Matt Sullivan) Source: News Limited
WSBC General Manager Michael Sugg said the purpose of the lunches was to connect business leaders.
“Panthers are one of our platinum partners and they are one of the success stories,” Mr Sugg said.
“Today is about education and helping our members who are in business within Western Sydney, there are lots of things that you can take away as learning points and things that can be applied into one’s own business.”
WHAT MANAGEMENT FACED:
- A debt of $95 million
- No strategic plan
- Massively complicated and costly company structure
- Wrong people in the wrong positions
- Lack of reinvestment over last 10 years
- Poor internal reporting
THE FUTURE:
The Panthers master plan includes residential, commercial and entertainment developments.
Panthers Master Plan. (Credit: Architectus Group) Source: Supplied
Source: NewsLocal - Penrith Press by Kristine Tarbert. Original article.
