The club which became MSCC was formed by a group of owners who were into competative events, and I believe that it remained so for many years.
I joined in 2003 for the same reasons as Graham (except for the marshalling bit!). I also wanted to find out as much as possible about the cars and about the club. In the end I had a long wait of five years before buying my first Morgan.
What struck me right from the start was the few technical articles, and the large number of holiday trips and dining out events. What also struck me as odd, was the number of adverts for used Morgans in a magazine where most of the readers would have a Morgan already. And to be honest, the coverage of racing etc which I really don't have much interest in, but is what the club started out as being all about.
One or two staunch and active old members (which I got to know) have left in recent years because they felt that MSCC had become a dining club rather than a competition based club, and this shift reflects the modern buyer who is often retired, and has little interest in DIY maintenance or competition. A consequence (probably) of Morgan going upmarket.
We attended a Yorkshire Centre mid week lunctime gathering last year, and it was well attended and an enjoyable trip out, although we wouldn't do it too often because we prefer the open road early in the mornings! The Yorkshire Centre subs are £5 p.a., and I'm quite happy to part with that, to be kept in touch with what's going on locally.