Dickie Head Posted August 30, 2016 Report Share Posted August 30, 2016 So David Hemsley did ride cycle speedway last Sunday at Poole. It would appear that he made the final of the event at Exeter on Bank Holiday Monday, rode and got back to Leicester speedway before it finished. 1 Quote Link to comment Share on other sites More sharing options...
Triple.H. Posted August 30, 2016 Report Share Posted August 30, 2016 Just a technicality, give them a token payment, probably for a Meeting where they earned very little then they can't say they haven't been paid, so back to square one, next time give them a cheque which takes a week to clear.I thought riders had to sign a declaration before meeting saying they had been paid in accordance with their contract Quote Link to comment Share on other sites More sharing options...
flagrag Posted August 30, 2016 Report Share Posted August 30, 2016 I understand it's got to the point now that Leicester Speedway are paying the riders small amounts of money to cover their travelling expenses and then Hemsley is telling them to claim their points money from BSPA as he is no longer a Promotor and they hold his security bond put down at the start of the season. Quote Link to comment Share on other sites More sharing options...
Gemini Posted August 30, 2016 Report Share Posted August 30, 2016 Does that mean he has to pay to get in like the rest of us? 2 Quote Link to comment Share on other sites More sharing options...
RobMcCaffery Posted August 30, 2016 Report Share Posted August 30, 2016 Not another Newport. Â PLEASE! Quote Link to comment Share on other sites More sharing options...
Mr Bump Posted August 30, 2016 Report Share Posted August 30, 2016 I understand it's got to the point now that Leicester Speedway are paying the riders small amounts of money to cover their travelling expenses and then Hemsley is telling them to claim their points money from BSPA as he is no longer a Promotor and they hold his security bond put down at the start of the season. Makes the obvious determination and will to win last night, especially evident in Klindt & Wozniak, all the more remarkable. Â Big credit to all the Lions really. 6 Quote Link to comment Share on other sites More sharing options...
Steve Shovlar Posted August 30, 2016 Report Share Posted August 30, 2016 So at least a thousand there last night. £17,000 on the gate. Wheres that money going? If not paying off the debt to the riders the current promotion should have their licenses removed for good. Quote Link to comment Share on other sites More sharing options...
Big Al Posted August 30, 2016 Report Share Posted August 30, 2016 I understand it's got to the point now that Leicester Speedway are paying the riders small amounts of money to cover their travelling expenses and then Hemsley is telling them to claim their points money from BSPA as he is no longer a Promotor and they hold his security bond put down at the start of the season.It doesn't look like Leicester Speedway is (yet) in the hands of official insolvency administrators. But I'd be surprised if HSBC hasn't been going in hard to try and get their money back, or at least some of it.So what are the circumstances in which the BSPA bond is drawn on, to pay riders points money owed? Does the speedway company (with which the riders have a contractual relationship) need to have actually become officially insolvent by going into Administration or Liquidation, or does it just need the company owner to just say "sorry folks, not my problem any more". It sounds a bit like Hemsley is trying to do the latter, and I'm not sure he can just get away with doing that. He is still (along with his wife and 1 other) a director and refers to himself as the owner of Leicester Speedway. So surely the riders still have a contractual relationship with him/Leicester Speedway and cant be fobbed off if, as you say, he's telling them to go to the BSPA? So at least a thousand there last night. £17,000 on the gate. Wheres that money going? If not paying off the debt to the riders the current promotion should have their licenses removed for good. My bet is HSBC Quote Link to comment Share on other sites More sharing options...
flagrag Posted August 30, 2016 Report Share Posted August 30, 2016 (edited) The viewpoint that David and Yulia Hemsley seem to be taking is that they have had their promotors license removed so are no longer responsible for the points money and that they are paying the riders travel expenses and VAT for the services they have provided. Â Although I have not seen the BSPA constitution and rules of membership it has been explained and seems that these rules state that clubs lodge their bond around 50 k at the start of the season to cover riders wages in event of clubs being unable to pay so there is a guarantee. Â Once a club is unable to pay them then the BSPA have to step in and is up to the riders to claim their points money at a set rate from the BSPA funds which comes out of the bond lodged. Â Leicester riders are not the only ones owed lots of money there is another track with a purpose built stadium that keeps fobbing the riders off with false promises of payment. The BSPA have the riders over a barrel though as they are owed this money and if they refuse to ride they then get banned with so many doubling up as well you lose all your incomeand they are then breaching the contract and riders know this so have to continue in hope they will get settled eventually at the set league rate which is obviously less than they agreed at the start of the season. Â Like most people I would like to know where the cash from Leicester is going as majority of the loans taken out for the stadium are well on track to be paid off and the riders and suppliers are not being paid so is obviously being put into some account. I suppose this is one way of David getting his bond back and one thing I am told he is not is stupid when it comes to business and has clearly been given some legal advice on the position to take. Edited August 30, 2016 by flagrag 1 Quote Link to comment Share on other sites More sharing options...
Mr Bump Posted August 30, 2016 Report Share Posted August 30, 2016 After the story of the riders not being paid appeared in the Speedway Star, thus making it public knowledge, wouldn't it have been nice for an official statement to appear from someone at the club to explain just what is going on? Â Or I suppose that's just too much to ask for. Â Just seems various parties are playing silly buggers leaving an honest set of riders stuck in the middle. Â Poor. 2 Quote Link to comment Share on other sites More sharing options...
Phil The Ace Posted August 31, 2016 Report Share Posted August 31, 2016 The viewpoint that David and Yulia Hemsley seem to be taking is that they have had their promotors license removed so are no longer responsible for the points money and that they are paying the riders travel expenses and VAT for the services they have provided. Â Although I have not seen the BSPA constitution and rules of membership it has been explained and seems that these rules state that clubs lodge their bond around 50 k at the start of the season to cover riders wages in event of clubs being unable to pay so there is a guarantee. Â Once a club is unable to pay them then the BSPA have to step in and is up to the riders to claim their points money at a set rate from the BSPA funds which comes out of the bond lodged. Â Leicester riders are not the only ones owed lots of money there is another track with a purpose built stadium that keeps fobbing the riders off with false promises of payment. The BSPA have the riders over a barrel though as they are owed this money and if they refuse to ride they then get banned with so many doubling up as well you lose all your incomeand they are then breaching the contract and riders know this so have to continue in hope they will get settled eventually at the set league rate which is obviously less than they agreed at the start of the season. Â Like most people I would like to know where the cash from Leicester is going as majority of the loans taken out for the stadium are well on track to be paid off and the riders and suppliers are not being paid so is obviously being put into some account. I suppose this is one way of David getting his bond back and one thing I am told he is not is stupid when it comes to business and has clearly been given some legal advice on the position to take. Think we all know what club you are on about. Not good at all. When will clubs learn Quote Link to comment Share on other sites More sharing options...
Steve Shovlar Posted August 31, 2016 Report Share Posted August 31, 2016 (edited) The only purpose built stadium other than Leicester is Belle Vue or Kings Lynn. Edited August 31, 2016 by Steve Shovlar Quote Link to comment Share on other sites More sharing options...
Aces51 Posted August 31, 2016 Report Share Posted August 31, 2016 The only purpose built stadium other than Leicester is Belle Vue or Kings Lynn. Have a think about it, there's a few more than that. Quote Link to comment Share on other sites More sharing options...
bigcatdiary Posted August 31, 2016 Report Share Posted August 31, 2016 Have a think about it, there's a few more than that. No, he got it right Quote Link to comment Share on other sites More sharing options...
Woz01 Posted August 31, 2016 Report Share Posted August 31, 2016 You can class Coventry as purpose built but I doubt it's us as KK missed GP practice to ride for us last Friday. Doubt he would do that if he was owed anything. 1 Quote Link to comment Share on other sites More sharing options...
Happy Hunter Posted August 31, 2016 Report Share Posted August 31, 2016 Have a think about it, there's a few more than that. Somerset, Plymouth, Scunthorpe & Buxton just to name the ones that I know about. So at least a thousand there last night. £17,000 on the gate. Wheres that money going? If not paying off the debt to the riders the current promotion should have their licenses removed for good. Some of that thousand would be season ticket holders and some would pay £15 concession so it might be less that £17,000 but your point is still valid. Quote Link to comment Share on other sites More sharing options...
SteveLyric2 Posted August 31, 2016 Report Share Posted August 31, 2016 Less 20% VAT. 1 Quote Link to comment Share on other sites More sharing options...
Tsunami Posted August 31, 2016 Report Share Posted August 31, 2016 A lot of clubs have closed mid season over the years . and although the bond is supposed to pay wages outstanding , I have never herard of that being the case once , the money just dissapears into the coffers of the BSPA and the riders are left empty handed The bond is used to pay all speedway debts. The BSPA, Riders and other clubs. Quote Link to comment Share on other sites More sharing options...
RobMcCaffery Posted August 31, 2016 Report Share Posted August 31, 2016 If Leicester was purpose-built I think we need to launch an investigation to find out what the purpose was. Â Dismayed to hear suggestions of which track may also be in the same plight. 3 Quote Link to comment Share on other sites More sharing options...
1 valve Posted August 31, 2016 Report Share Posted August 31, 2016 Somerset, Plymouth, Scunthorpe & Buxton just to name the ones that I know about. Some of that thousand would be season ticket holders and some would pay £15 concession so it might be less that £17,000 but your point is still valid. some in for free on the night having cashed in the ticket for the cancelled fixture v Poole. Quote Link to comment Share on other sites More sharing options...
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