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Berwick 2015


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I see what you mean with this. Berwick is a limited company and produce annual accounts, annual return, etc.

So financial accountability is subject to correct corporate governance.

I wonder, would a membership based system as you outline be able to raise the additional working capital required to keep the club afloat (it has been mentioned that it is in the region of £30l p.a.)?

It is a very complex and difficult type of business to run. I do my bit, but I'd run a mile from any corporate responsibility: unless I won the lottery, but I don't play it!

A whip round should get the £301 no problem,now who are we going to sign for 2015?
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Scott, the reason 'Limited Companies' are formed is to create a safety net. If the Ltd. Co. gets into financial difficulties, it is the assets of the company that is affected, not any personal assets, unless they have been used as security..

And in many cases in speedway, the companies who "own" clubs have only one or two shareholders.

 

I see what you mean with this. Berwick is a limited company and produce annual accounts, annual return, etc.

So financial accountability is subject to correct corporate governance.

 

I wonder, would a membership based system as you outline be able to raise the additional working capital required to keep the club afloat (it has been mentioned that it is in the region of £30l p.a.)?

 

It is a very complex and difficult type of business to run. I do my bit, but I'd run a mile from any corporate responsibility: unless I won the lottery, but I don't play it!

According to Swedish club Rospiggarna's website, a "membership fee" is around £100 per year. For this I would imagine you would get voting rights on any decisions taken by the club and also other perks, but does not cover admission to meetings.

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Scott, the reason 'Limited Companies' are formed is to create a safety net. If the Ltd. Co. gets into financial difficulties, it is the assets of the company that is affected, not any personal assets, unless they have been used as security..

 

The Financial accountability is only to the board of directors, and any sharholders, they do not have to be accountable to the general public. It's only when it is too late for any creditors, that they get involved, trying to salvage anything that is left.

 

There are many more reasons other than a safety net for a Ltd company.

 

I understand your point, but I can't see that having a load of shareholders with small percentages adds any value to either side.

The club membership is an interesting one. Something rugby clubs have done in the area as long as I can remember.

 

Aside from the potential financial benefit, it might well enhance the feeling of being part of the club rather than just a supporter.

 

Interesting discussion you've started here Taffy :approve:

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There are many more reasons other than a safety net for a Ltd company.

 

I understand your point, but I can't see that having a load of shareholders with small percentages adds any value to either side.

The club membership is an interesting one. Something rugby clubs have done in the area as long as I can remember.

 

Aside from the potential financial benefit, it might well enhance the feeling of being part of the club rather than just a supporter.

 

Interesting discussion you've started here Taffy :approve:

How many times have you seen someone go to the wall, owing thousands to local businesses, who then struggle because of someone elses business failure. We have a local B&B owner & restraunteur who went bust for £428,000, didn't lose part of her empire because she had two limited compamies, one for the B&B which she still operates and another for the restaurant which went bankrupt. She then opened a cafe in the town, and her creditors cannot touch her other assets, only those of the restaurant, where the property was rented and not owned. :mad::mad::mad::mad:

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How many times have you seen someone go to the wall, owing thousands to local businesses, who then struggle because of someone elses business failure. We have a local B&B owner & restraunteur who went bust for £428,000, didn't lose part of her empire because she had two limited compamies, one for the B&B which she still operates and another for the restaurant which went bankrupt. She then opened a cafe in the town, and her creditors cannot touch her other assets, only those of the restaurant, where the property was rented and not owned. :mad::mad::mad::mad:

Does she like speedway?? Seems like a fairly good business model. Maybe she would like to be a director or at the very least ..............

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More likely it's mostly crap and the fans are kept totally in the dark like normal.

 

Whatever the rights and wrongs, the ins and out of the situation, Matej Kus has signed for Redcar and Berwick need to move on and sign a team capable of carrying on from a successful 2014.

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For those that haven't seen it, there is a short video interview with Dave and Ricky Ashworth over on the BSPA site, don't know how to post a link but if someone can I would be grateful. Good to see Ricky looking so well.

Edited by screm
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Whatever the rights and wrongs, the ins and out of the situation, Matej Kus has signed for Redcar and Berwick need to move on and sign a team capable of carrying on from a successful 2014.

Yep ,Personaly think we dodged a bullet with Matej on that average.though I thank him for the good season he had with Bandits last year.
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Yep ,Personaly think we dodged a bullet with Matej on that average.though I thank him for the good season he had with Bandits last year.

 

I get that, though I would've signed him as it seems that Berwick were keen to as well, Kus IMO is a confidence rider, came into 2014 with his confidence low then we all saw the difference a few big scores made once he dropped to reserve admittedly. Maybe he will keep that up in 2015, if he does Redcar have a cracking signing, if he doesn't he might end up back at Berwick in 2016 on a reduced average.

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