waiheke1 Posted November 25, 2015 Report Share Posted November 25, 2015 So no posts about Woryna being a 7-pointer then?Starman doesn't make jokey posts, only imbecelic ones Quote Link to comment Share on other sites More sharing options...
baldinhio Posted November 25, 2015 Report Share Posted November 25, 2015 I think the Belle Vue management need congratulating for getting so much right. Top stadium, Top Manager, Top Team? At 31 December 2014, Belle Vue Speedway Ltd had a shareholder's deficit of £639,691, yet from from what I understand are one of the highest payers with their No. 1 allegedly on £3k per meeting. Whilst the information is not on file, I guess the principal creditor is the lone shareholder Mr Gordon, however he is not a shareholder of B V Arena Ltd, the company who I presume are involved in the development of the new stadium. This company has £500,000 issued share capital. I understand the local council have invested £5m+ in the sports village. Can anyone with local knowledge confirm: 1. Cost of the new stadium. 2. Who is funding the development. 3. Who will own the new stadium. 4. Relationship between Council, B V Arenas & Belle Vue Speedway. It is great there is a new stadium for speedway but I am intrigued as to the funding and the economic viability of the project when you look at the general financial state of speedway in the UK. Quote Link to comment Share on other sites More sharing options...
Endeavour Posted November 25, 2015 Report Share Posted November 25, 2015 At 31 December 2014, Belle Vue Speedway Ltd had a shareholder's deficit of £639,691, yet from from what I understand are one of the highest payers with their No. 1 allegedly on £3k per meeting. Whilst the information is not on file, I guess the principal creditor is the lone shareholder Mr Gordon, however he is not a shareholder of B V Arena Ltd, the company who I presume are involved in the development of the new stadium. This company has £500,000 issued share capital. I understand the local council have invested £5m+ in the sports village. Can anyone with local knowledge confirm: 1. Cost of the new stadium. 2. Who is funding the development. 3. Who will own the new stadium. 4. Relationship between Council, B V Arenas & Belle Vue Speedway. It is great there is a new stadium for speedway but I am intrigued as to the funding and the economic viability of the project when you look at the general financial state of speedway in the UK. Is Max Fricke a Belle Vue asset or is he still owned by Edinburgh? Quote Link to comment Share on other sites More sharing options...
KIRKYLANE Posted November 25, 2015 Report Share Posted November 25, 2015 (edited) I wondered when the doom and gloom brigade would be back. Do you really think that Manchester City Council would spend a lot of time and money in the Belle Vue Sports village without being convinced that this is a viable project ? Roll on the 19th March and the start of a new era in Belle Vue's rich and full history from 1928 on onwards to our 100th consecutive year of Speedway. Edited November 25, 2015 by KIRKYLANE 1 Quote Link to comment Share on other sites More sharing options...
baldinhio Posted November 25, 2015 Report Share Posted November 25, 2015 Is Max Fricke a Belle Vue asset or is he still owned by Edinburgh? Sorry, no idea. I wondered when the doom and gloom brigade would be back. Do you really think that Manchester City Council would spend a lot of time and money in the Belle Vue Sports village without being convinced that this is a viable project ? Roll on the 19th March and the start of a new era in Belle Vue's rich and full history from 1928 on onwards to our 100th consecutive year of Speedway. No doom and gloom with regards the new stadium. I said: 1. It is great there is a new stadium. 2. I am intrigued as to funding and economic viability- my point being if it works in Manchester, maybe it can work elsewhere. i was merely looking for more information to get a better understanding of the project. Yes, I referenced the general state of speedway in the UK but is that not a matter of fact, one or two clubs aside? Quote Link to comment Share on other sites More sharing options...
Haza Posted November 25, 2015 Report Share Posted November 25, 2015 (edited) At 31 December 2014, Belle Vue Speedway Ltd had a shareholder's deficit of £639,691, yet from from what I understand are one of the highest payers with their No. 1 allegedly on £3k per meeting. Whilst the information is not on file, I guess the principal creditor is the lone shareholder Mr Gordon, however he is not a shareholder of B V Arena Ltd, the company who I presume are involved in the development of the new stadium. This company has £500,000 issued share capital. I understand the local council have invested £5m+ in the sports village. Can anyone with local knowledge confirm: 1. Cost of the new stadium. 2. Who is funding the development. 3. Who will own the new stadium. 4. Relationship between Council, B V Arenas & Belle Vue Speedway. It is great there is a new stadium for speedway but I am intrigued as to the funding and the economic viability of the project when you look at the general financial state of speedway in the UK. a very good post - I have one question how is 1500 speedway fans over 14 meetings going to keep this stadium afloat let alone make this stadium pay . Edited November 25, 2015 by Haza Quote Link to comment Share on other sites More sharing options...
arnieg Posted November 25, 2015 Report Share Posted November 25, 2015 (edited) Council is funding the development by borrowing the money and the interest on the loan will be covered by Belle Vue speedway's rental payments. As a result I think it likely the rent will be high by current EL standards, but all the good vibes, PR and a decent team ought to see sufficient increase in crowds to cover the expense. At least that is the theory Edited November 25, 2015 by arnieg Quote Link to comment Share on other sites More sharing options...
Aces51 Posted November 25, 2015 Report Share Posted November 25, 2015 Without going back to find it I can tell you that all of the releant information has been published. Rest assured that a professionally prepared business plan was prepared and submitted to the City Council, very high profile financial backers are in place and income from the stadium will not just be from speedway meetings but many other activities. 1 Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted November 25, 2015 Report Share Posted November 25, 2015 Without going back to find it I can tell you that all of the releant information has been published. Rest assured that a professionally prepared business plan was prepared and submitted to the City Council, very high profile financial backers are in place and income from the stadium will not just be from speedway meetings but many other activities. Well that is good as there is no way the rent from the speedway would pay the interest. Quote Link to comment Share on other sites More sharing options...
Haza Posted November 25, 2015 Report Share Posted November 25, 2015 Council is funding the development by borrowing the money and the interest on the loan will be covered by Belle Vue speedway's rental payments. As a result I think it likely the rent will be high by current EL standards, but all the good vibes, PR and a decent team ought to see sufficient increase in crowds to cover the expense. At least that is the theory then is the rent from Belle Vue speedway payable 52 weeks of the year ? as the interest will be added 52 weeks of the year . This coming season has to be a success as a poor season could see this being a short lived move for the Aces , Maybe crowds will increase but they have to if not the club will be in major trouble .As I said earlier 14 league meetings The Peter Craven meeting and the two World Cup meetings are all that are certain to take place , just can't see how it all adds up if rent is payable year round - 1500 fans isn't no good yes you will get a full house for the first meeting but it's keeping those fans coming week after week . I'm not doom and gloom I really hope the new stadium is a massive success and its a boost the Aces need . Quote Link to comment Share on other sites More sharing options...
stevebrum Posted November 25, 2015 Report Share Posted November 25, 2015 Is Max Fricke a Belle Vue asset or is he still owned by Edinburgh? As nothing has been announced its assumed Edinburgh. Quote Link to comment Share on other sites More sharing options...
ouch Posted November 25, 2015 Report Share Posted November 25, 2015 There will be 30 odd meetings at Belle Vue this year from NL to SWC. In addition BV Arena will look to utilise the stadium for other corporate events some with no connection to speedway. The loan of around 6 million is to be paid back over the next 60 years. Quote Link to comment Share on other sites More sharing options...
Steve Shovlar Posted November 25, 2015 Report Share Posted November 25, 2015 Very much looking forward to visiting Manchester next year. Manchester, Glasgow, Newcastle.... the North is rising once again And just like the Starks they will fail. Matt Ford always pays his depts. 1 Quote Link to comment Share on other sites More sharing options...
John Leslie Posted November 25, 2015 Report Share Posted November 25, 2015 Matt Ford always pays his depts. How many departments does he have? Speedway department Skullduggery department 2 Quote Link to comment Share on other sites More sharing options...
ouch Posted November 25, 2015 Report Share Posted November 25, 2015 And just like the Starks they will fail. Matt Ford always pays his depts. He owes a debt to British Speedway that he can never pay back. Quote Link to comment Share on other sites More sharing options...
Haza Posted November 25, 2015 Report Share Posted November 25, 2015 There will be 30 odd meetings at Belle Vue this year from NL to SWC. In addition BV Arena will look to utilise the stadium for other corporate events some with no connection to speedway. The loan of around 6 million is to be paid back over the next 60 years. not wishing to be unkind but NL fixtures isn't exactly going to fill the place I'd guess 400 - 500 would be classed as a good crowd- also 6million over 60 years the way speedway is going that loan will never be paid back unless things change . As I ve said I hope it's a massive success but I'm glad it's not the club I support Kings Lynn that spent 6million I'd be very very concerned for the future . Quote Link to comment Share on other sites More sharing options...
SCB Posted November 25, 2015 Report Share Posted November 25, 2015 not wishing to be unkind but NL fixtures isn't exactly going to fill the place I'd guess 400 - 500 would be classed as a good crowd- also 6million over 60 years the way speedway is going that loan will never be paid back unless things change . As I ve said I hope it's a massive success but I'm glad it's not the club I support Kings Lynn that spent 6million I'd be very very concerned for the future . The way to look at it is that £100,000 a year will be a lot for now. But in 20 or even 40 years time it won't seem to much. It's just getting there! Quote Link to comment Share on other sites More sharing options...
Haza Posted November 25, 2015 Report Share Posted November 25, 2015 The way to look at it is that £100,000 a year will be a lot for now. But in 20 or even 40 years time it won't seem to much. It's just getting there! that's very true but will it survive 20 years ? The way speedway has gone down hill over the last 5 years there will be nothing left in 20 years time . Quote Link to comment Share on other sites More sharing options...
mikebv Posted November 25, 2015 Report Share Posted November 25, 2015 (edited) The way to look at it is that £100,000 a year will be a lot for now. But in 20 or even 40 years time it won't seem to much. It's just getting there! Correct, and as they pay out approx 60k a year now in rent with no bar take, no car park take, no food take, and receive no close season revenue from use of the venue. (All of which will drive revenue weekly in the new place). I would suggest 100k a year is more than viable.. Edited November 25, 2015 by mikebv 1 Quote Link to comment Share on other sites More sharing options...
MattK Posted November 25, 2015 Report Share Posted November 25, 2015 The way to look at it is that £100,000 a year will be a lot for now. But in 20 or even 40 years time it won't seem to much. It's just getting there! What about interest? Even at a fairly modest rate of 5% interest it will push the payments up over £315,000 a year. Plus, doesn't the bulk of the loan have to be paid off over 40 years, rather than 60? Quote Link to comment Share on other sites More sharing options...
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