ex Elly 146 Posted March 8 Share Posted March 8 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 1 Quote Link to post Share on other sites
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