Hoy's $8m Yacht Won't Chart Well

THE luxury yacht owned by Chartwell Enterprises boss Graeme Hoy is up for sale in Queensland, but burnt investors shouldn't get their hopes up for a return. Even if 87-foot One Song reaps the $8 million it is worth, Hoy's boat is so heavily financed that little of that will trickle back to investors - or even the receiver, accountancy firm PBB.