It's not unusual for clubs to charge a higher fee to new members - it covers the cost of existing infrastructure: think gyms.... NZDA has an infrastructure footprint, and indeed some very wealthy clubs based on owning ranges/properties withing certain clubs.
HOWEVER: I agree that it is very shortsighted to cut off new members - irrespective of any sunk cost or history; if clubs do not continue to pull in new members our future interests are going to be significantly curtailed for the sake of maintaining an old boys club...
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