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1 valve

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Everything posted by 1 valve

  1. It’s not a matter of the time required to run a meeting. It’s the cost of paying the riders. That said, a 13 heat main event plus a second half had a lot going for it.
  2. Yes assuming the potential new owner of the club could obtain promotional rights for speedway in Newport from BSPA. FYI / this is what happened at Leicester (Lions)
  3. Naming rights typically refers to where a sponsors name is linked to a preexisting item, such as a stadium or team . i.e Brighton FC ground is actually the Falmer Stadium, but known for sponsorship purposes as the American Express Stadium and more commonly referred to as the Amex. These naming rights are covered by a contract drawn up between the invested parties where Brighton FC receive payment for the duration of the contract (the term) It can then be renewed. In the case of a speedway team name, this is covered by Trade Mark law where the "mark" at the time of its creation needs to be unique in design comprising either a made up word, two or more words (Newport Wasps) a logo/emblem or any combination of those three. - Think of the adidas name and three stripe logo. Once the Tm has been registered the owner is afforded protection for an initial 10 years after which the registration can be extended every 10 years in perpetuity. However, if the TM registration is not renewed the owner loses rights to exclusivity. Registered TMs appear on a company's balance sheet as an intangible asset.
  4. Where a license exists, it provides for exclusivity to promote speedway in accordance with the SCB/FIM regulations within a given regional area - irrespective of the name of a team which if one is established is protected by amongst others trade mark & copyright law
  5. Well. Think what you like re his business acumen. But unless he did what he did, then the TV deal would have been dead in the water as the number of clubs required was none negotiable.
  6. Correct & that’s one of the benefits/reasons of owning a company that owns such an asset. To be clear. License’s are legal documents drawn up under the full protection of UK contract law.
  7. The valuation of license (as a legal contract) would be one of an intangible definite asset (as opposed to an indefinite one) where the value does not appear on the balance sheet but where the owner/company can apply its own asking price/valuation leaving the buyer to decide if he wishes to pay that price. So the valuation of a license can and will differ from club to club no matter the circumstance.
  8. On the matter of valuation. When it comes to an acquisition it will be necessary to determine if the intended purchase is that of a "going concern" or an "asset purchase". If it is the latter then you are correct, it should be straightforward to reach an agreement of the value of the material assets in question. However, the current owner is within his rights to regard this as a sale of a business (it is immaterial that it does not have a place to ply trade from) and as such the valuation of a going concern would be required(even if not currently trading). This will then take into account both tangible and intangible assets. Put another way, the current owner would not just be selling lights and a safety fence, but the club name, history and license to promote etc and so should a place be found to ply the trade by the new owners then they would immediately benefit from the goodwill (intangible asset) involved i.e. the supporter base, sponsors, Press relations to name a few. The alternative being, amongst other things, buy new lights safety fence, track equipment find a place to trade (hold meetings) then apply for a promoters license for a new club using a new name. It will be interesting to see which way this matter goes. Maybe the current owner will wish to be charitable.
  9. BE are not be remotely interested in renting the site for speedway or stox. Because, 1, In doing so it disproves their case, 2, It would mean a delay to any new build housing as rental leases would take precedent. 3, They don't need the cash and increases in land values over time guarantees them a secure return on their investment as they are in it for the long haul as per all developers. The only way BE will give upon Brandon is if this phase of planning is rejected beyond a reasonable compromise being possible and somebody makes them a very decent cash offer for them to move away from their current thinking and trajectory. and developers do not like acquiring land only to have to give it up.
  10. Short answer is "no". The council can insist that the land is maintained in a safe and secure manner. That's about it.
  11. The state of the stadium/site is what it is. How it got there is of no interest to the inspector in deciding if the site can be developed either for building houses or it’s impact on the viability of reintroducing speedway/stocks in a new stadium should BE agree to sell if their appeal fails.
  12. Boarded up at the outset in the interest of safety so that meetings could commence as soon as possible. However, ultimately the stand would need to be demolished at the cost of the “new” owners.
  13. The company currently owning the club & the licence to promote speedway at the circuit is for sale. The circuit is owned by a company owned by DH. By purchasing the promotional rights from the current owners (Bates) the the new owners will take on the current lease of the circuit or may negotiate a new one if both parties agree it would be appropriate to do so.
  14. Concussion’ means the symptoms of a brain injury, not the injury itself. The injury might be a subdural haematoma, an arterial or venous rupture, an intra-cranial bleed, and so on. So, if you are rendered unconscious, by definition you exhibit symptoms of a brain injury: a concussion.
  15. A person can be concussed without being knocked out. However being knocked out always involves being concussed
  16. Absolutely. However, it is worth considering that if SW managed to completely flush out his system in the time between the two tests, then more than likely, what was detected on Tuesday would have been residual from something substantial in his system when he rode at Wolverhampton the previous evening.
  17. A very good observation and worthy question. The difference lies between the two originally submitted samples. One was rejected because the fluid did not conform to normal urine composition and thus a further sample was requested which was refused by the rider in question. In the other instance, the official was happy with the sample provided and so didn't require anything further.
  18. No "substance" capable of being detected in a random drugs test can be totally p**s out " (as you put it) overnight just by continuously drinking water. this is because the substance is also carried in the blood which is cleared via the normal kidney function. Differing substances take different length's of time to clear based on their type, strength and whether taken orally or intravenously. The exception to this scenario are psychedelic drugs which are extremely difficult to if not impossible to detect. However, conversely they are not included in instant drug tests.
  19. Lions didn’t use a guest for Morris at any point following the offence taking place. That said, it’s difficult to see how in similar circumstances, using a facility can be regarded as beneficial to a club.
  20. You need to realise that because the Lions had done so well by the time the Morris situation occurred the points available for a replacement was very low and Batchelor was one of a very short list who would fit. No question that his signing didn't help matters at all, but to replace him there was a need to ship out two riders and bring two more in and one of those (Cook) proved ineffective. Meanwhile & by comparison Peterborough & Kings Lynn, having had a terrible start to the season had room, average wise, to bring in new riders who could improve the team. Sheffield lost a top scorer and used the points available via new signings & releasing low performers to create their new look team. Bottom line is that options available to the Stars, Panthers & Tigers have not been available to the Lions.
  21. In his interview on the center green prior to the first race (in summary), he said the performance at BV had just not been acceptable. he made more about his disappointment with how the Lions lost v Tigers having been five points ahead with only three heats remaining adding "He expected the riders involved in those three heats to have been more than capable of winning the meeting". He went on to say C Cook was expecting his call to let him know he was being replaced and that Kerr may not be the last signing that day and he had told the riders their performance that night would determine if he was to make further changes before midnight. Interestingly, all of the riders were near the pit gate and would have easily heard what the manager was saying.
  22. At the time of signing TW his average was too high to be considered for Lions. Same situation with CH without dropping other riders as per Tigers & then frankly no nett gain for Lions. replacing Cook with Kerr is an improvement for the team.
  23. Stadium owned by former promoter David Helmsley. Built on land leased from council. Current promoters lease from Helmsley. As folk know, Lions up for sale which will include the stadium lease as an asset.
  24. FYI. - Today, the basic FA contract as used by many lower tier clubs including part time is indeed a simple document albeit if the player is full time then there are a number of pages included to cover full time employment law etc. However, the premier league player contract is as a minimum, 28 pages. In addition to these pages, the terms and conditions of the contract form part of a number of collective agreements between the Club (through the League) and the Player (through the PFA) affecting the Player’s employment. Further provisions are included which are additional or supplemental (say, image rights, media responsibilities, international representation, transfer of contract, tax arrangements etc) to those set out as basic remuneration and can run to many pages. Finally, details are also included of the players representative, (agent) his/her eligibility and remuneration arrangements, ditto if the club also used an intermediary . It is quite common for a Premier League player contract to run to more than 40 pages hence why a significant amount of time is spent by the players agent and the club in preparing the final version for the player to sign and witnessed (also by parent/guardian if the player is under 18) The contract is then registered with the English Football Association (The FA) and automatically aligned to the umbrella organisations namely UEFA & FIFA for rules regulations regarding transfers and international eligibility - to name a few. Speedway promotions engage self employed riders via contracts which are in themselves straightforward and arguably are in preference to the promoters requirements rather than that of the rider and in the UK solely governed by UK law, albeit the sport itself (rules regulations for meetings) is aligned on a global scale via the Speedway Control Board (SCB) to the Federation Internationale de lautomobile (FIM).
  25. Fundamentally, a full or part time employee can see their employment terminated by the employer without reason within the first six months of their engagement. However, speedway riders are not employees of the promotion but contractors (self-employed) and if the contract they signed allows for immediate cancelation by the promoter for the rider to ride for the club without explanation or compensation, then it is entirely legitimate to do so.
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