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Are you absolutely sure about that? You get a cheque each year do you? I guess they've accidentally forgotten to return the £18million odd cash reserve they're holding to the members?
I don't know the turnover of the CMHC, even though as a member I get sent the figures every year, but I assume it is many times larger than your figure for their cash reserve which I assume to be correct, is this simply not good business practice. Every business needs reserves of some sort, many relying on borrowing and bank overdrafts.
I think the point that @DaveandJen was making is that profits are used for the members by way of reinvestment in the infrastructure of the club.
As an aside to this point I would like to take you to task on a comment you made in an earlier post about 'seemingly endless rules'..........I find this very strange from someone obviously deeply passionate about a sport that has so many rules that most players don't even know all the rules and is constantly stopping and starting for some technical infringement of a rule that most ( well me anyway ) did not even know existed