- 3 Feb 2004
- Boat (over winters in) the Clyde
Almost all sailing clubs (and other sporting clubs) are now run as limited companies - I think to avoid the committee members being sued personally in this litigious day and age.The RYA is a limited company. It only has about £21 million income, and more than half of that comes from subscriptions and Government grants. To run this business, they spend about £6 million in staff costs, including two directors , the higher paid of which was given around £200K in 2019-20. There's a defined benefit pension scheme (the type most companies can no longer afford) which is about £0.5 million in deficit. There's also a defined contribution pension scheme. It's not an especially inspiring company.