Norwood make loss of $434686!

Looking at norwoodredlegs.com it seems the Annual Report came out today and the club made about a half a million dollar loss.
Is it panic time at Norwood?
I know they had a heap of $$$ to prop up their assets last year but this would take a huge chunk of that out surely?
Is it panic time at Norwood?
I know they had a heap of $$$ to prop up their assets last year but this would take a huge chunk of that out surely?