oldace

But you are missing the point of such action. In the case of Coventry (and others) it isn't a case of riding in on the white charger to save the day. They are merely the vultures hovering to pick up the worthwhile scraps from the mess. Like I said Mick Horton is hoping to turn those ex Birmingham fans into future Coventry fans with a nice little inducement. It is more difficult in the case of none season ticket holders because such inducements can risk alienating your existing customer base if not applied across the board

FIM regs, if I recall, are partly the reason Belle Vue is not a very good track. To get it to the minimum size the track was much longer than it really should have been in relation to the bends. As Hyde Road was FIM accredited PC was keen to ensure Kirky Lane was also to the detriment of having a real good race track. As you say a ridiculous OP, the guy is either drunk or he has got sh!t for brains, I suspect the latter

I haven't won any Michelin stars either but I can still tell when a meal tastes like sh!t

And your point? FIM accredited or not Leicester is a truly dreadful race track. It has straights far too long for the tightness of the bends.

It has nothing to do with "benefits Street" or "refugees" It is simply a good business move from Mick Horton. He knows there are a few hundred prospective customers probably now looking for a new place to watch their speedway. It is likely the Birmingham season ticket holders would not have gone to other clubs as regulars in the short term so it is a move that costs nothing with the potential to create more Coventry fans next year. While the Coventry angle is clearly a small loss leader to get new customers in it works well for the Birmingham season ticket holders lessening the loss on their outlay in some way.A win win situation a midst an almighty mess left behind by the Phillips'

He wasn't talking about an invite, more an inducement

What starman suggests is, in reality, probably unworkable but the idea is actually a good one. There are a good few hundred people with clearly an affinity to speedway and no club to support. It is likely the bulk of theae will be lost to the sport so any initiative to get them along to another track is a good idea. That said implementing such a scheme without alienating your existing fan base would be difficult to the point of impossible

The people who don't go don't care if it closes. The ones who already go do care. It really is that simple

In that case then I must shoulder the blame for hundreds of failed business'. A restaurant near me closed recently, I used to go quite a lot but the standards dropped alarmingly and, like many others, we stopped going, preferring to dine at other establishments where service, value for money etc were far better. I had no idea that the onus to keep this business operational was on me, I honestly believed my leisure dollar was mine to spend as I wished and in a wholly competitive market place it was up to each business owner to get the customers in. Imagine how daft I feel now

Retention of title is quite a bit more complicated than that in reality and only applies to goods you may have supplied. A supplier has no right to seize anything he likes to cover a debt. It is unlikely the GRA supplied the shale so they would not, at this stage, have had jurisdiction to sell it. There is a process to go through before they could dispose of items left on their property by a company in liquidation, which as far as I am aware hasn't even happened yet

Go on John, you are dying to impress us all with your perception of the use of the word "finals" are you not You want to point out that the event at Kings Lynn is not the final itself. To be honest I think the terminology is correct. Events 1 and 2 together with the race off and Final form part of the World Cup week and can be correctly termed as having made the finals

Definitely won,t need audit. Isn't it over £6,000,000 now

Jeez there are some wallies on here. FFS it was just a joke, the track isn't compromised, they are not lifting the corners, they can even fit more than 4 bikes on the straight at once

Well as they will be on the balance sheet as assets of the company the liquidators will treat them as such and they will be seized, figuratively speaking. Of course in truth they have no value and I suspect it is probably illegal to list a sub contractor as an asset anyway, so chances are they will be ignored or even transferred back to the BSPA for a nominal sum. This is all getting a bit ahead of the game anyway and assumes the company will either go voluntarily or creditor led into liquidation.

As they are not employees, just sub contractors they will just be another creditor who will not get paid. Maybe a few years down the line there could be the odd penny in the pound

It is nonsense to suggest owning a stadium gives a club an advantage. For a sport that wants to use a facility 20 nights out of 365 then renting is the most cost effective solution. The costs associated with owning and running a venue would require much more than 20 nights speedway, even with the secondary spend going in the pot. It is like someone buying a hotel and airplane for their annual holiday rather than just book the odd ryan air flight and a room via Alpharooms. It may help in the cases where the owner is merely indulging a hobby but as a business proposition then a rented venue will be the most cost effective every time

This has all the potential to become a real tangled mess. When/if the Phillips owned promoting company goes into liquidation the assets will become the jurisdiction of the liquidators to dispose of, whatever the BSPA might say

Overcoming the GRA will be the big obstacle. Will there even be a usable race track left in Perry Barr by next year?

It probably really is. All the riders will be VAT registered so their payments will all be plus VAT. How does it work in the case of foreign riders who's ltd companies are registered overseas. I presume they are paid the VAT in the normal way which will be recovered (or not) by HMRC quarterly ?

It is actually against the law to carry on trading a ltd company when it is clearly insolvent. Directors are not responsible for the unsecured debts of a ltd company but they can become liable if it is clear they continued to trade and accumulate debt with no prospect of getting back in the "black" In any case the quarterly VAT bill is usually the breaker, although not quite as hostile as they used to be, they will want their pound of flesh

What on earth did you find that sounded promising? No investor would lend Birmingham Speedway so much as one penny in its current perilous state. The only way he could get a loan/investment of £25,000 would be personally and secured against his own assets (house most likely) If he did this and sunk it into Birmingham Speedway then he is an even bigger fool than I thought. The business is insolvent and on the verge of bankruptcy and with nothing on the horizon regards a change in trading conditions what would be the point in it carrying on. When the bankruptcy happens only then will the true extent of the Phillips handling of the business come out

That is often the case when a seemingly benevolent director pumps "his own" money into keeping a business going. Of course it can often be the case that the vast salaries and dividends paid to the director to give him his "own money" are a large part of why the business is almost insolvent

It is expecting one hell of a turnaround from a business that's lost in excess of £400,000 in just over 2 years to turn a £25,000 profit in 3 months

But in reality it would leave any prospective new promoter to acquire these items at a fraction of their worth. The problem, if the ltd company goes into liquidation owing the GRA money, would be convincing them to allow the sport back in and you can bet the already high rent would be inflated to recover any monies owed.

It doesn't mention debts, it says shortfall, as in between income and expenditure, and is correct, not sloppy at all Yes but that is easier than asking why those fans don't go anymore and taking measures to try and get them back. Remember "Use it or lose it" is the brain dead promoters mantra