I wanted to briefly introduce myself as new Club Chairman, provide some background to other Board changes approved over the weekend and comment briefly on the management and operating context of our Club.
In reverse order but most importantly, fundamentally the Club is in good shape. We have about 21k members, good commercial partnerships, a strong balance sheet and plenty of cash in the bank. We are solvent.
We are working through the year end audit process so I can’t yet be specific but expect a pre-tax loss for 2022, smaller than the prior year.
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