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Who Said There Is No Money In Speedway


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I see in this week's speedway star and I quote "Greg Hancock will be approximately 2000,000PLM out of pocket after a PZM tribunal verdict went against him"

2000,000PLM = 361K and we wonder why de doesn't ride in the UK

Too many zeros - 200,000PLN = £36k. Still a lot but not as bad as you thought
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With what's is this connected to? What did he do/not do to end up 36K out of pocket??

 

He did an under the counter deal with Bydgoszcz in 2013 that his money wouldn't be reduced if his average dropped. They didn't stick to that so he took them to a PZM tribunal which ruled in the club's favour as it was an illegal deal, although they did rule that he was owed 8,000PLN.

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Probably more than 12 , pedersen,crump,gollob,hancock,ward,holder,woffinden to name just a few of the current and recent riders who have made a real fortune.

Chris Harris finances were said to be very healthy a few years back, not millionaire standards but very nice indeed. His familys house in Binley Woods would be worth a few bob alone!

Edited by woz01
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He did an under the counter deal with Bydgoszcz in 2013 that his money wouldn't be reduced if his average dropped. They didn't stick to that so he took them to a PZM tribunal which ruled in the club's favour as it was an illegal deal, although they did rule that he was owed 8,000PLN.

Not really sure how a contract mutually agreed between two parties can be considered illegal, but if the team agreed an illegal deal with a rider, then surely the team not rider should be penalised?

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Not really sure how a contract mutually agreed between two parties can be considered illegal, but if the team agreed an illegal deal with a rider, then surely the team not rider should be penalised?

Not with PZM rules.

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Not really sure how a contract mutually agreed between two parties can be considered illegal, but if the team agreed an illegal deal with a rider, then surely the team not rider should be penalised?

Surely, they are both guilty of breaching the rules. It would be an offence to sign a contract that doe not comply with the rules & both parties would be expected to know the rules. That's why it is sensible to use a lawyer when signing this type of contract.

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Surely, they are both guilty of breaching the rules. It would be an offence to sign a contract that doe not comply with the rules & both parties would be expected to know the rules. That's why it is sensible to use a lawyer when signing this type of contract.

Which lawyer would have advised to sign the damn thing in the first place... :lol:

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