The not-for-profit company that runs the Ruapehu skifields wants to radically change its ownership structure, bringing corporate investors on board for the first time to keep the struggling operation viable. But RAL is in financial trouble following “unprecedented” events such as warm winters and border shutdowns due to the Covid-19 pandemic. In an update to shareholders in February, former chairman Murray Gribben​ said a process to review sources of capital began last September. “That gives them total control of the company and they can do what they like,” Eller said. Eller said one solution was for the community to band together to buy Turoa or RAL as a whole.

Source: Stuff August 12, 2021 04:30 UTC