philcrumpisgod Posted January 17, 2013 Report Share Posted January 17, 2013 Let me be clear here, I do NOT intend this to be a Poole bashing thread. Regardless of what some people think about them as a club, the truth is they appear to be successful and are apparently the one with the biggest crowds and the one most switched on when it comes to business acumen. With that in mind, should we not all be more than a little concerned with the report in today's Star about them losing their 2 main sponsors and making a financial loss last season? After all, if Poole cannot make a profit (and actually make a loss) with all they have going for them, what is in store for British speedway as a whole over the next few tough years of general economic hardship? Most clubs are not run with the benefit of a wealthy benefactor, so how on earth will the rest survive? Quote Link to comment Share on other sites More sharing options...
MrB Posted January 17, 2013 Report Share Posted January 17, 2013 so how on earth will the rest survive? By not having 3 number one riders 4 Quote Link to comment Share on other sites More sharing options...
Mick H Posted January 17, 2013 Report Share Posted January 17, 2013 By not having 3 number one riders Not brain surgery is it. 1 Quote Link to comment Share on other sites More sharing options...
Jonny the spud Posted January 17, 2013 Report Share Posted January 17, 2013 "Made a loss"= good accountant. Don't want a profit to we. The taxman would come sniffing. 5 Quote Link to comment Share on other sites More sharing options...
fredbogge Posted January 17, 2013 Report Share Posted January 17, 2013 "Made a loss"= good accountant. Don't want a profit to we. The taxman would come sniffing. Thats the way to do it. When the boss lady had her shop the accountant would alway`s show a loss at year end so no tax Quote Link to comment Share on other sites More sharing options...
Tsunami Posted January 17, 2013 Report Share Posted January 17, 2013 Let me be clear here, I do NOT intend this to be a Poole bashing thread. Regardless of what some people think about them as a club, the truth is they appear to be successful and are apparently the one with the biggest crowds and the one most switched on when it comes to business acumen. With that in mind, should we not all be more than a little concerned with the report in today's Star about them losing their 2 main sponsors and making a financial loss last season? After all, if Poole cannot make a profit (and actually make a loss) with all they have going for them, what is in store for British speedway as a whole over the next few tough years of general economic hardship? Most clubs are not run with the benefit of a wealthy benefactor, so how on earth will the rest survive? Alas, your good intentions blown apart by simple minded Poole bashers. And then they will tell you what is wrong with British Speedway, try looking in the mirror Quote Link to comment Share on other sites More sharing options...
SteveLyric2 Posted January 17, 2013 Report Share Posted January 17, 2013 How come they've shown a profit every year prior to 2012 then?? Quote Link to comment Share on other sites More sharing options...
MattK Posted January 17, 2013 Report Share Posted January 17, 2013 By not having 3 number one riders If that was the case Belle Vue would be the most profitable team in world speedway. 6 Quote Link to comment Share on other sites More sharing options...
philfromcov Posted January 17, 2013 Report Share Posted January 17, 2013 Thats the way to do it. When the boss lady had her shop the accountant would alway`s show a loss at year end so no tax the beauty of one of the few cash based business left! next stop the casino Quote Link to comment Share on other sites More sharing options...
philcrumpisgod Posted January 17, 2013 Author Report Share Posted January 17, 2013 "Made a loss"= good accountant. Don't want a profit to we. The taxman would come sniffing. Thats the way to do it. When the boss lady had her shop the accountant would alway`s show a loss at year end so no tax I'm sure that if any business wanted to mitigate their taxable profits they could/would do it without broadcasting it to all and sundry. The fact that Poole have chosen to highlight this matter seems to me to indicate that there is a real problem here and one which is more indicative of the dire problems facing British speedway. Cracking jokes, making fun and pointing fingers doesn't appear to me to be any way forward. If Poole, with everything they have going for them, start to make substantial and or regular losses, what hope is there for everybody else? 2 Quote Link to comment Share on other sites More sharing options...
Starman2006 Posted January 17, 2013 Report Share Posted January 17, 2013 Let me be clear here, I do NOT intend this to be a Poole bashing thread. Regardless of what some people think about them as a club, the truth is they appear to be successful and are apparently the one with the biggest crowds and the one most switched on when it comes to business acumen. With that in mind, should we not all be more than a little concerned with the report in today's Star about them losing their 2 main sponsors and making a financial loss last season? After all, if Poole cannot make a profit (and actually make a loss) with all they have going for them, what is in store for British speedway as a whole over the next few tough years of general economic hardship? Most clubs are not run with the benefit of a wealthy benefactor, so how on earth will the rest survive? Question has to be asked, how do the rest survive!! Quote Link to comment Share on other sites More sharing options...
MrB Posted January 17, 2013 Report Share Posted January 17, 2013 Alas, your good intentions blown apart by simple minded Poole bashers. And then they will tell you what is wrong with British Speedway, try looking in the mirror Really? I wouldn't consider myself a Poole basher (despite being an Eastbourne fan!) but I'd be pretty sure that the money spent on those three last year went some way to those losses, wouldn't you? Yes I'd like to see much stronger teams here in the UK but there is a much bigger debate there about costs in speedway and controlling them. 3 Quote Link to comment Share on other sites More sharing options...
New Science Posted January 17, 2013 Report Share Posted January 17, 2013 "Made a loss"= good accountant. Don't want a profit to we. The taxman would come sniffing. Spot onThe Elite League is a smokescreen for clubs to report losses but in reality making healthy profits. The sport is in rude health,what have we all been worrying about ! roll on next season 1 Quote Link to comment Share on other sites More sharing options...
moxey63 Posted January 18, 2013 Report Share Posted January 18, 2013 Woolworths, Blockbuster, HMV and Comet. Add any speedway track of your choice to that list. If these High Street brands cannot take endless losses, how can our speedway tracks survive on on seemingly never-ending financial difficulties? Quote Link to comment Share on other sites More sharing options...
MattK Posted January 18, 2013 Report Share Posted January 18, 2013 Woolworths, Blockbuster, HMV and Comet. Add any speedway track of your choice to that list. If these High Street brands cannot take endless losses, how can our speedway tracks survive on on seemingly never-ending financial difficulties? No really the same, is it? Those companies have one aim, make a profit for their shareholders. Speedway clubs are typically owned by a rich benefactor who enjoys the "glamour" of owning a team. Anyone who buys a sports club with the aim of making a profit is in for a shock. 3 Quote Link to comment Share on other sites More sharing options...
TesarRacing Posted January 18, 2013 Report Share Posted January 18, 2013 "Made a loss"= good accountant. Don't want a profit to we. The taxman would come sniffing. I very much doubt that. You can't just make a loss every year just to avoid tax. It leads to access to finance drying up and suppliers not supporting you. Worrying situation. Quote Link to comment Share on other sites More sharing options...
moxey63 Posted January 18, 2013 Report Share Posted January 18, 2013 (edited) No really the same, is it? Those companies have one aim, make a profit for their shareholders. Speedway clubs are typically owned by a rich benefactor who enjoys the "glamour" of owning a team. Anyone who buys a sports club with the aim of making a profit is in for a shock. Who in their right mind would lose money every week, just to feel the glamour of owning a speedway club which, at the end of the day, boils down to a few rakes and portacabins. Speedway's problem, is that promoters are (if you believe it) prepared to lose money every season, and therefore there is no urgency to run the sport correctly. As the recent closures in High Street stores indicates, there is a problem if you are losing money. Would these promoters treat the businesses that they earned their cash from with the same attitude, businesses they have probably burnt many a sleepless night building. Why would anyone in their right mind then decide to start to waste that hard-earned money on running a speedway, risking the individual concerned losing his fortune? I know what I'd sooner have - and that's my money in the bank, not remembered as some fool who had a dabble as a speedway promoter but lost everything. Come on fellas... take a risk, albeit a smaller one, and see if you would be as silly. On the next windy day, go into the street, hold a crisp £20 note into the air before releasing it. Close your eyes and count to 20, and then try to recover the money. No, thought not. You wouldn't risk it, would you. And yet you still believe somebody is prepared to throw away money, just for the glamour of owning a speedway club. And so lies speedway's problem: people running speedway who are prepared to lose money. Personally, I don't think many promoters are losing money. For decades they've said the same. If they boasted of making money, they wouldn't be able to increase admission prices to the levels they are today, for one thing. Tax is another. Edited January 18, 2013 by moxey63 1 Quote Link to comment Share on other sites More sharing options...
Vince Posted January 18, 2013 Report Share Posted January 18, 2013 For the biggest current club in British Speedway to report a financial loss when they have previously been proud to announce that they are one of the few financially viable clubs has to be some of the most worrying news of the winter. Put it alongside the possible loss of Sky or a lesser deal from them at the end of the year and it would appear there will need to be some really drastic changes in the very near future. Could be the end of the professional sport as we know it or just maybe the opportunity to restructure and improve. Quote Link to comment Share on other sites More sharing options...
MattK Posted January 18, 2013 Report Share Posted January 18, 2013 Personally, I don't think many promoters are losing money. For decades they've said the same. If they boasted of making money, they wouldn't be able to increase admission prices to the levels they are today, for one thing. Tax is another. So Newport closing, Oxford not paying their rent, riders not getting paid, promoters entering the sport for a season or two and then leaving without a pot to p1ss in - this is all part of British speedway's elaborate plan to fake losses? 1 Quote Link to comment Share on other sites More sharing options...
Kester Posted January 18, 2013 Report Share Posted January 18, 2013 So Newport closing, Oxford not paying their rent, riders not getting paid, promoters entering the sport for a season or two and then leaving without a pot to p1ss in - this is all part of British speedway's elaborate plan to fake losses? Agreed, it's a more laughable conspiracy theory than the Moon landings not taking place and aliens living under Denver Airport (This one is really out there - type it into a search engine and find out what some deranged US citizens think is real) . Quote Link to comment Share on other sites More sharing options...
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