id put the letter on here but the file is to big ,this is what the letter has to say .
Firstly,can i thank you on behalf of the directors of Birmingham speedway 2022 Limited for expressing an interest in becoming a shareholder
and for support for the cluband us as new promotors. this is a very steep learning curve for us ,and we are under no illusions as to the task ahead if we are to try to make the club sustainable for the future.
Unfortunately ,as part of this learning curve ,it appears that we were not well advised on setting up the company and the offer of shares.We have said all along thats it was our intention to be honest with our supporters and ,after a query was raised ,we spoke to a Company Law expert who advised that ,legally, it is an offence to advertise share in a private limited company (which is how Birmingham speedway 2022 has been set up )for sale .If we went ahead we could finds ourselves forced into being wound up in to a public limited company ,which is not an appropriate path for us to go down.We are bitterly dissappointed by this as we very much wanted our supporters to be able to own a small part of the club,but we need to do everything above board and it is not worth jeapordising the safety of the club to go down this path .
Having said all that, your financial contribution is vitally important to us and we hope that you are still willing to be a stakeholder but as a "friend of Birmingham speedway" rather than a nominal shareholder.Anoffical list of stakeholders will be kept, acknowledgement made of your support in the programme(unless you would prefer to remain anonymous) and all theother benefits offered with the shareholding will remain the same including a family ticket to pass on to a new group of people (including pits visits and meet the riders ),a weekly draw to watch races from centre green ,discounted End of season Presentation Nights tickets and invitation to meeting at end of season to discuss how things have gone .
Well thats the letter from the share offer