The issue is not about Instructors nor individual employees, It is about a management structure that went horribly wrong and convinced themselves that the Commercialisation of the enterprise was more important than the rights or opinions of the members who had put them there and had really funded the development of the "Taj Mahal"
Nothing new in this, it destroyed the Newcastle Aero Club in the late 60's/early 70's contributed to the down fall of the RQAC in the 80's and totlly destroyed the Royal Club at Bankstown ( Scofields ).
Sad thing really is RACWA are / were slow learners and we see the ultimate evidence of this today.
Yes Murray Field has a value, personally I suspect it is way short of where RACWA want it to be, WAAC has no value, it was a silly purchase chasing a dream that doesn't really exist, training for JAA in Australia is like prospective training NASA astronauts.
A collective bunch of tired C150 C/152 are worth next to nothing and a bunch of old Mooneys are just that, "old Mooneys"
The Chipmunk is probably good value around $ 80 K and that won't get anything out of escrow, the Tigers are really a maintenance liability.
So where does that leave them, with a Building sitting on leased land ( no freehold) which is an ongoing libility to JAH ( Ascot Capital )
Suspect value for Murray Field ( unrealisable )
No doubt an enthusiastic staff willing them to somehow trade out of this mess and a diminishing membership.
Bloody uncomfortable for Directors I would think.