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RNZYS is facing a trading loss of up to $1.6 million


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The Royal New Zealand Yacht Squadron (RNZYS) is facing a trading loss of up to $1.6 million in the current financial year and is “immediately” reviewing its operations in a hunt for savings.Auckland’s blue ribbon sailing club is blaming poor trading conditions caused by covid-19 and the impact of stormy weather in early 2023 for the projected loss of between $1.4m and $1.6m.However, sources with knowledge of the situation suggest the club is also suffering from membership losses caused by its decision last year to allow the ne...

https://businessdesk.co.nz/article/americas-cup/royal-nz-yacht-squadron-appoints-razor-gang-as-16m-loss-looms

 

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sed by its decision last year to allow the ne....... WHAT?

I am sure I am not the only here without a business desk subscription🙄

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3 minutes ago, LBD said:

sed by its decision last year to allow the ne....... WHAT?

I am sure I am not the only here without a business desk subscription🙄

I assume...... the next America's cup to be sailed overseas

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Yes there has been a large drop in membership, since Team Dalton took the cup and the corporate money that came with it.

Of course the club could save a lot by sacking the newly hired doof doof DJs that have been driving the paying members to the other side of the building or away home on a Friday and Sunday afternoon. Sunday afternoon Jazz now thats an idea☠️ Luckily the sailing side of things is continuing well. 

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Dad was a member for yrs and yrs when they were in parliament st.brought debentures when they moved to the old trillos building.There was suppose to be a wet weather bar downstairs for crews as they were dressed.no formal crap.didnt last long so he resigned way back in 1985. America's cup.covid but the killer will be drink driving.Have a couple while going around the track.Do I risk a couple more in the bar or go home. Only 2 ways in/out.

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And last Friday night up the offramp, little ole water drinker me felt quite smug , though I believe some of the more extreme rum racers resorted to walking

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On 10/03/2023 at 10:36 AM, waikiore said:

And last Friday night up the offramp, little ole water drinker me felt quite smug , though I believe some of the more extreme rum racers resorted to walking

Same thing happened to me Sunday afternoon previous.
Are cops having a breath testing blitz on Westhaven boaties at the moment?

 

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3 hours ago, ex Elly said:

Same thing happened to me Sunday afternoon previous.
Are cops having a breath testing blitz on Westhaven boaties at the moment?

 

Boats/Alcohol/clubs. easy target

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3 hours ago, ex Elly said:

Same thing happened to me Sunday afternoon previous.
Are cops having a breath testing blitz on Westhaven boaties at the moment?

 

And me, Wednesday evening a couple of weeks ago. It used to be a popular spot for them, then nothing for a few years. I doubt it’s aimed at the yacht clubs, more just North Shore into western suburbs route. 

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Oh I dont know, now that the squadron has public welcome signs on the green lawn Bar and are heavily promoting a bottleshop to all, is this a coincidence?  

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