Sadly, probably, yes. I just hope that those affected clubs can do as Hokitika did, and return to their community.
Without a drastic change in their operating model they will, otherwise, be just frittered away and wasted.
It occurred to me - and no doubt I will be corrected if I have completely the wrong notion - that, as trading while insolvent isn't allowed, does that mean RITA goes into statutory management?
And, as Winston instructed RITA to maintain funding to the codes at the same level ( no reductions) how does that make him look?
Stupid? Ill-informed ? Incompetent?
Certainly, not up with the play with his portfolio.