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Plymouth Remain Open!


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Critical meeting turned into extraordinary meeting. Thank you all from the emergency committee. Pledges of over £14,000.00 from supporters with around another £6,000 from interested parties. Still not out of the woods but we're fighting. Next stop.....finding an investor to clear the debt.....then we roll. :t:

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Critical meeting turned into extraordinary meeting. Thank you all from the emergency committee. Pledges of over £14,000.00 from supporters with around another £6,000 from interested parties. Still not out of the woods but we're fighting. Next stop.....finding an investor to clear the debt.....then we roll. :t:

What is the amount of debt outstanding . and how much would the devils need to raise taking into account the £14,000 pledges from fans +£6,000 from others to get up and running . Lets hope it works out o/k, no speedway fans like to see any teams folding and i'm sure I speak for fans all over the country and wish you all good luck in your quest for survival.

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Just worth repeating!

Assuming there is a successful businessman or woman willing to take over the Devils, how-about the powers "that be" allow a Race meeting Plymouth v Somerset with all riders getting a sponsor to cover their cost & all others DONATING MINIMUM £20 to watch the meeting. I think 2,000 people could be rallied to support the cause allowing debts to be cleared! I know it's a big if????????????

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Assuming there is a successful businessman or woman willing to take over the Devils, how-about the powers "that be" allow a Race meeting Plymouth v Somerset with all riders getting a sponsor to cover their cost & all others DONATING MINIMUM £20 to watch the meeting. I think 2,000 people could be rallied to support the cause allowing debts to be cleared! I know it's a big if????????????

Nice idea but if you can only attract 400 people at £15, how are you going to get 2000 at £20?
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Fingers crossed something happens on the positive side to keep Plymouth operational.

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To my mind SOME of the Directors of Peninsula Promotions don't appreciate the nuances of company law, they believe that going into Receivershipp wipes out all the debts and they are home free NOT SO Directors are what is called jointly and severally responsible for the debts IF they have assets on a personal basis the receiver will demand the whole debt from one director, if by selling everything that Director cannot cover the complete debt they them move to another director for the outstanding balance and so on.

 

I understand it as impossible to discover who the debtors are last night well a couple of clues, one has the name of a well known former Plymouth car dealer who built Britains first circular self serve petrol station but now counts other peoples money. I was 69 on Wednesday but I didn't partake of the appropriately named scotch whisky, not even sure if you can still buy it, anyway drop the 69 from the brand name

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Long haul from Isle of Wight on a Thursday to Armadale on a Friday though!!

But I wish you well and hope that something can be saved for this season (and beyond).

 

Sadly IOW have solved that possible problem by dropping Perks in a reshuffle due to injury

Not a great few days for Ellis going from 2 teams to 0 - hope he gets fixed up somewhere

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