Roaring Start to 2018
RWB members make up an impressive and diverse business network. This was made evident when we were given exclusive access to Melbourne’s own Formula One Australian Grand Prix.
On Monday March 19, the Opening Event for RWB 2018, was held at Albert Park Circuit at the invitation of Andrew Westacott, highly regarded CEO of the Australian Grand Prix (AUSGP) and RWB Member.
We were thrilled to be given this unique opportunity to get behind the scenes at the AUSGP and to gain insight into the big business of this annual sports tourism event.
From the terrace of the Fangio Lounge, the scale of transformation that takes place at Albert Park Lake each year was appreciated by our members. Nothing less than 290,000 man hours of assembly turns the park into a stunning F1 circuit for the Australian Grand Prix. The event puts the spotlight on Melbourne and Victoria for four days each year to a vast global audience, and the Australian Grand Prix Corporation is setting the world standard.
to kick off our evening, Founder of RWB, Campbell Rose, invited Michael Rowland (ABC News Breakfast) to the microphone. RWB loves having Michael as a part of our network! He skilfully led a Q & A session with the entertaining, passionate and experienced panel made up of CEO Andrew Westacott, General Manager of Sales and Marketing Corina Black, as well as Corporate Hospitality Manager (and big Doggies fan!) chef Shane Delia.
The excitement level rose when members were asked by Andrew Westacott to don the high-vis vests provided and switch into our walking shoes! RWB members were whisked off in three groups for the highly anticipated tour of the Pits and Paddock Club, and into the AUSGP 'inner sanctum'.
RWB walked the finish line and admired the winner's podium. We viewed millions of dollars worth of high-tech computers installed in the Pits and 5-star Team Hospitality marquees and took selfies in the coveted Kennedy Lounge! The tour concluded on the rooftop viewing platform with a spectacular sunset view stretching across the park in all directions.
Impressed with the scale and glamour of the AUSGP event, members returned to the Fangio Lounge for Spanish paella and wines and a relaxed opportunity to socialise and network. Congratulations to Sebastian Vettel of Team Ferrari and the AUSGP for another outstanding Grand Prix!
On behalf of the RWB Network, the Forever Foundation sincerely thanks Andrew Westacott and his team at AUSGP for this memorable opportunity and a fantastic 2018 Opening Event for RWB.
Success from a Standing Start
RWB's Financial Snapshot
In our inaugural year we recruited 172 Founding Members to the RWB Network and offered 7 Honorary Memberships, raising circa $160,000 (net of the Australian Sports Foundation fee).
RWB held 3 major networking events and an additional 4 targeted functions, totalling 7 events for the year. We developed a new website for the Forever Foundation and RWB and published 6 RWB newsletters.
The cost of running these events, the website development, newsletters and operational expenses equated to circa $90,000.
The Forever Foundation proudly donated $60,000 to the Western Bulldogs Football Club and have retained earnings of approximately $20,000. These retained funds will be used as operating capital for RWB 2018.