Gemini Posted January 11, 2017 Report Share Posted January 11, 2017 Is the whole thing viable without the Stock cars? Probably it was before the fixtures and fittings were removed because in previous seasons the Speedway promoters were paying to lease it from Sandhu and all the food/drink sales went to him so the financial side of things should have been a lot better in 2017. Of course we all know now it's not worked out that way. 1 Quote Link to comment Share on other sites More sharing options...
uk_martin Posted January 11, 2017 Report Share Posted January 11, 2017 How many households in the area? How much would it cost each household to pay for it. Sometimes when shared out these things don't cost too much at all ... 1. Why should the people of Rugby who don't give a hoot about speedway be inflicted with the financial burden of bailing out the Coventry Bees? 2. From the RUGBY Borough Council Tax Payers perspective, wouldn't THEIR taxes be better spent on social care for THEIR elderly? Or education for THEIR kids, or repairing the pot holes in THEIR streets, rather than on propping up a failed COVENTRY speedway team? 7 Quote Link to comment Share on other sites More sharing options...
dontforgetthefueltapsbruv Posted January 11, 2017 Report Share Posted January 11, 2017 1. Why should the people of Rugby who don't give a hoot about speedway be inflicted with the financial burden of bailing out the Coventry Bees? 2. From the RUGBY Borough Council Tax Payers perspective, wouldn't THEIR taxes be better spent on social care for THEIR elderly? Or education for THEIR kids, or repairing the pot holes in THEIR streets, rather than on propping up a failed COVENTRY speedway team? equally there will be speedway fans that dont have kids/elderly in care/drive a car - why should they pay for schools/homes/roads. Council spending is much more complex than 'do i get out what i put in' particularly when it comes to sport, heritage or culture. 7 Quote Link to comment Share on other sites More sharing options...
SteveLyric2 Posted January 11, 2017 Report Share Posted January 11, 2017 But it doesn't require a business loan from the Council though. Mick Horton could get a business loan through his commercial bank - he already has a business. This assumes the business plan meets the requirements of the business loan application. If it doesn't then he shouldn't be lending the money off anyone. Agreed. That's why I suggested from the Council who are generally supportive of the stadium continuing and might - just might - have offered him better repayment terms than a commercial bank?! Quote Link to comment Share on other sites More sharing options...
TesarRacing Posted January 11, 2017 Report Share Posted January 11, 2017 Agreed. That's why I suggested from the Council who are generally supportive of the stadium continuing and might - just might - have offered him better repayment terms than a commercial bank?! I think you miss my point Clive. Banks want to lend money - but not if it is risky. So if that is the case no-one should be lending the money and Mick shouldn't be borrowing it! The problem is we supporters are looking at it from an emotional angle and want the club to continue but the promoters should only be approaching it from a purely commercial standpoint. 2 Quote Link to comment Share on other sites More sharing options...
New era Panthers Posted January 11, 2017 Report Share Posted January 11, 2017 (edited) With Horton already having a lease from brandon to run the stadium, its a shame that neither Brandon nor the Council could make Horton a business loan to buy back the fixtures and fittings (or get replacements) and re-install them all. The stadium would then be operational - as would the speedway - and Sandhu's Stox could then decide if they want to use Brandon on Horton's terms?! Or maybe Coventry Speedway could seek alternative Stox providers? Who would be paying back the loan then ? Perhaps as he lives approximately 10 miles from Peterborough he should ask the city council to lend him the money as they seen to be very gullible when it comes to decision making . Edited January 11, 2017 by New era Panthers Quote Link to comment Share on other sites More sharing options...
Haza Posted January 11, 2017 Report Share Posted January 11, 2017 (edited) How many households in the area? How much would it cost each household to pay for it. Sometimes when shared out these things don't cost too much at all ...whatever planet are you on ?totally clueles comment - As a Lynn fan I'd be totally against that happening at Lynn if the club was in similar circumstance . Edited January 11, 2017 by Haza 3 Quote Link to comment Share on other sites More sharing options...
Woz01 Posted January 11, 2017 Report Share Posted January 11, 2017 Good idea but if this happens I would not pin any hopes on even half the stadium being operational during race nights, including the main grandstand. We just want a track that's safe to run, the rest doesn't matter and can wait. It must be quite easy to set up a mobile bar or 2 (like Belle Vue) and get a couple of burger vans in. 1 Quote Link to comment Share on other sites More sharing options...
abbo Posted January 11, 2017 Report Share Posted January 11, 2017 (edited) I'm disappointed that the Bees management are not supplying any information to their loyal supporters the total information we have had in the last three months is a happy Christmas from Mick Horton and a pathetic poem from Mr Watson a pretty poor show! If Mick Horton doesn't want/can't agree with t terms is there no one on the sidelines who would take on the lease and reach some amicable agreement with Sandhu?. Edited January 11, 2017 by abbo 2 Quote Link to comment Share on other sites More sharing options...
Theboss Posted January 11, 2017 Report Share Posted January 11, 2017 whatever planet are you on ?totally clueles comment - As a Lynn fan I'd be totally against that happening at Lynn if the club was in similar circumstance . Well they don't call her Mother Theresa for nothing God help her if she believes her own tax contributions would be better spent on a speedway stadium than on schools or health care. 1 Quote Link to comment Share on other sites More sharing options...
dontforgetthefueltapsbruv Posted January 11, 2017 Report Share Posted January 11, 2017 Well they don't call her Mother Theresa for nothing God help her if she believes her own tax contributions would be better spent on a speedway stadium than on schools or health care. isnt the schools and health care arguement a bit if a red herring? Budgets for these are separate and ringfenced - any funds for a sporting stadium would have no impact on those areas. 2 Quote Link to comment Share on other sites More sharing options...
Theboss Posted January 11, 2017 Report Share Posted January 11, 2017 isnt the schools and health care arguement a bit if a red herring? Budgets for these are separate and ringfenced - any funds for a sporting stadium would have no impact on those areas Public money is public money. For example when I recently heard that £5.2m of public money was being spent on the 'Ethiopean Spice Girls' I was outraged and wanted answers as to why it wasn't being spent on the NHS. Not for one minute did I think 'thats's ok that money has been ringfenced for the Department of International Development'. May I ask how you felt about that one? 3 Quote Link to comment Share on other sites More sharing options...
Woz01 Posted January 11, 2017 Report Share Posted January 11, 2017 (edited) 1. Why should the people of Rugby who don't give a hoot about speedway be inflicted with the financial burden of bailing out the Coventry Bees? 2. From the RUGBY Borough Council Tax Payers perspective, wouldn't THEIR taxes be better spent on social care for THEIR elderly? Or education for THEIR kids, or repairing the pot holes in THEIR streets, rather than on propping up a failed COVENTRY speedway team? Those things get a budget from central government and that money is ring fenced to spend on that only. Not everything a council will do will help the whole area it runs, that's impossible. If a council looks at something and think it could potentially damage an area it can look into it and see if it's worth putting money in to it. If residents of Binley Woods, Brandon and other areas around the stadium want it saved then why shouldnt them areas have some of the money they contribute in council tax. Of course it has to be worth it but just because the majority of the Rugby population don't care doesn't mean it shouldn't happen. If they took the compulsory purchase order as a serious option they wouldn't have to buy the whole site would they? Edited January 11, 2017 by woz01 2 Quote Link to comment Share on other sites More sharing options...
Daniel Smith Posted January 11, 2017 Report Share Posted January 11, 2017 Public money is public money. For example when I recently heard that £5.2m of public money was being spent on the 'Ethiopean Spice Girls' I was outraged and wanted answers as to why it wasn't being spent on the NHS. Not for one minute did I think 'thats's ok that money has been ringfenced for the Department of International Development'. May I ask how you felt about that one? I need to start thinking of how I can get some of that money for nothing. In fact, a 5th of that money would have been better spend on the Brandon Stadium than a nothing project that has no long term benefit at all. Thankfully the government have put a stop to it due to the outcry. Quote Link to comment Share on other sites More sharing options...
dontforgetthefueltapsbruv Posted January 11, 2017 Report Share Posted January 11, 2017 Public money is public money. For example when I recently heard that £5.2m of public money was being spent on the 'Ethiopean Spice Girls' I was outraged and wanted answers as to why it wasn't being spent on the NHS. Not for one minute did I think 'thats's ok that money has been ringfenced for the Department of International Development'. May I ask how you felt about that one? havent even heard of that case! Quite ridiculous and it seems from subsequent replies that it was rightly shelved. The Coventry stadium is very different. A genuine local amenity with strong long term heritage and one that at least deserves consideration for funding. Ultimately the local 'powers that be' would have to decide if it is deserving enough for some discretional funding but either way it would not impact those other services. 1 Quote Link to comment Share on other sites More sharing options...
Trees Posted January 11, 2017 Report Share Posted January 11, 2017 havent even heard of that case! Quite ridiculous and it seems from subsequent replies that it was rightly shelved. The Coventry stadium is very different. A genuine local amenity with strong long term heritage and one that at least deserves consideration for funding. Ultimately the local 'powers that be' would have to decide if it is deserving enough for some discretional funding but either way it would not impact those other services. IF the council decided to compulsory purchase the site it could be used for loads of things to benefit the community ... I was talking about the site not the club but of course I would hope that they would rent the stadium out for speedway ..... as a Councillor myself albeit not having any experience of compulsory purchase, I do know that to raise monies in a area an amount may look massive but when divided between all council tax payers ..... Quote Link to comment Share on other sites More sharing options...
Little Thumper Posted January 11, 2017 Report Share Posted January 11, 2017 IF the council decided to compulsory purchase the site it could be used for loads of things to benefit the community Such as? Quote Link to comment Share on other sites More sharing options...
Trees Posted January 11, 2017 Report Share Posted January 11, 2017 Well they don't call her Mother Theresa for nothing God help her if she believes her own tax contributions would be better spent on a speedway stadium than on schools or health care. Did you not know that your council tax is made up of payments into a few different pots? Such as? Use your imagination .... the stadium for other sports similar to the Adrian Flux Arena at Lynn, the club room rented out like any social club room, Christmas Fair (as in rides etc), part of the car park could be used for tennis courts, floodlit 5 a side football, basket ball etc, all sorts ... 1 Quote Link to comment Share on other sites More sharing options...
Theboss Posted January 11, 2017 Report Share Posted January 11, 2017 Did you not know that your council tax is made up of payments into a few different pots? Yes but do you not think that the pots that are empty (for example local support for the elderly) should have money moved to them from ones which seem to be wasting money for the sake of it (such as buying old stadiums which need lots of further money spent on them to bring to a respectable standard). Why am I not surprised you are a councillor, it all makes sense now. Love to commission reviews, spend days on end drinking cups of coffee while you sit in public meetings discussing them and then deciding to postpone a decision until you receive some more reports. And in the meantime no idea how your budgets were over spent. No wonder you think this would be a good use of Tax payers money to buy Coventry Stadium. Sorry but this should be private enterprise only, absolutely no value in it to the tax payer! Ps you will recall I was part of the bidding process for the King's Lynn Town Football Club and so I am quite aware of councils work in these situations. I now know why they say people are career councillors, because it takes them their whole career to make one decision. 3 Quote Link to comment Share on other sites More sharing options...
Little Thumper Posted January 11, 2017 Report Share Posted January 11, 2017 Did you not know that your council tax is made up of payments into a few different pots? Use your imagination .... the stadium for other sports similar to the Adrian Flux Arena at Lynn, the club room rented out like any social club room, Christmas Fair (as in rides etc), part of the car park could be used for tennis courts, floodlit 5 a side football, basket ball etc, all sorts ... Don't remember saying that I'd got any imagination. So if all these activities are such great money spinners, have they been tried before and how did it go? Quote Link to comment Share on other sites More sharing options...
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