spook Posted October 19, 2010 Report Share Posted October 19, 2010 a great thread to read so far I understand that I will be one of those 'knockers' but I tend to agree with Dave..... we all know what Ole did for the GP's and continues to do... and the temp tracks were good this year as they generally are...... his strengths are being employed........... the rest of it has been a shot in the arm for the competition though and was well overdue.... the sport needs passing and lots of it to gain and retain fans... and while I understood Ole's fears about poor weather, slick tracks are not the answer, track machinery is....... something which I feel Tony has not yet been tested on during a meeting but on the strength of 2010 hopefully all is in hand Quote Link to comment Share on other sites More sharing options...
Humphrey Appleby Posted October 20, 2010 Report Share Posted October 20, 2010 (edited) How much money does BSI/IMG make every year from running the GPs? The public accounts of BSI Speedway recorded a profit of just over 1.6 million pounds for 2008 (the accounts for 2009 are not yet published). This figure obviously comes with the usual caveats of public accounts, and assuming most of the activity was undertaken by this company and not parent or subsidiary companies. However, the BSI Speedway recorded substantial losses in 2006 and 2007 which amounted to more than a million pounds. IMG also appear to have written off the investment in certain subsidiary companies when they took over. Perhaps more interesting though, is the state of the parent company. BSI Speedway is owned by IMG(UK) (via a holding company) which recorded a loss of 15 million pounds for 2009. There's a statement that IMG Worldwide have undertaken to provide funding to allow IMG(UK) to continue to trade, so make of that what you will... It is the lack of suitable speedway venues in both Australia and New Zealand that is proving the stumbling block rather than finance. Whether it's down to any fees payable to IMG/BSI or the cost of bringing the stadiums up to FIM standard, it amounts to the same thing. The costs of staging are too high, and the proposed venue in NZ seems pretty explicit about that. Indeed, it doesn't sound from their press release or from the local newspaper that they plan to pursue this in 2012 either. Edited October 20, 2010 by Humphrey Appleby Quote Link to comment Share on other sites More sharing options...
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