Merrily said:
Deimos said:Not trying to be controversial but I suppose I'm looking for reasons why I should spend the money as in many respects I do want to join, just do not want to send money into a "black hole" without good reason.
Ian
butt me and a whole generation youngsters who could have been great sailors where left in the cold for many years, while other classes and country's always had everything, we where always alone on the racing area, and train ourselves at the home club.
greetz Tom
IThey get together from thousands of miles away by subscribing to this Forum - which, I'm guessing, is another service supported by the Class Association.
A few years ago I read on the old email listserv that the International Class had about 100,000 pounds in the bank! Can anyone confirm that number is current?
why don't you ask Landt?
he sez ....well it has something to do with Ian..
To put it into context ILCA's expenditures were 614,595 in 2004 and 248,165 in 2003. The big difference between these two annual expenditures seems to be because the 2003 and 2004 World Chamionship expenditures were both accounted for in the financial year 2004.
Neither the existence nor the size of the reserve bothers me.
I would like to know how the reserve is being invested. My belief is we are well on our way to being able to send our Laser Class to an unprecedented next level. That next level would be "Operating the entire International Laser Class off of the revenues generated other than by membership fees."