Devilman Posted November 13, 2016 Report Share Posted November 13, 2016 I too have a connection with St Boniface College and I know that they can certainly do with the money. I hope for their sake that a suitable arrangement can be achieved. As for as targeting the pupils on a promotional basis that may not find approval with the Education Authorities. Purely an observation, I do not know the answer. Quote Link to comment Share on other sites More sharing options...
barncooseboy Posted November 15, 2016 Report Share Posted November 15, 2016 in the administrators accounts St Boniface are owed over 25k in unpaid rent for SBA, so a commitment to speedway cant be considered as nailed on Quote Link to comment Share on other sites More sharing options...
Lord Skid Posted November 15, 2016 Report Share Posted November 15, 2016 Either they pay exorbitant Rent per week, or they haven't paid anything all year, what a cockarse way of doing business, anyone involved in running the previous Promotion shouldn't even be allowed to play Monopoly. 3 Quote Link to comment Share on other sites More sharing options...
Devilman Posted November 16, 2016 Report Share Posted November 16, 2016 Caught between two stools, whilst I want Speedway in Plymouth I am really not happy that the College have been hit so hard, or for that, at all. This amount has not occurred in one season that is for sure. I sincerely hope any new owners honour their agreement should they be successful in obtaining one. Quote Link to comment Share on other sites More sharing options...
trophykid Posted November 16, 2016 Report Share Posted November 16, 2016 Caught between two stools, whilst I want Speedway in Plymouth I am really not happy that the College have been hit so hard, or for that, at all. This amount has not occurred in one season that is for sure. I sincerely hope any new owners honour their agreement should they be successful in obtaining one. If the previous promotion went into liquidation, does that mean that any debts are reduced or written off? Quote Link to comment Share on other sites More sharing options...
Lord Skid Posted November 16, 2016 Report Share Posted November 16, 2016 If I were the Landlord, then I would want the 2017 rent upfront, but would probably just Rent the site out for Car boot sales, can't believe their Board of Governors will be desperate to get involved in Speedway again. Quote Link to comment Share on other sites More sharing options...
Devilman Posted November 16, 2016 Report Share Posted November 16, 2016 Hi Buritto and Lord Skid, To the best of my knowledge on an administration the creditors get so much in the Pound depending on the assetts and bids. This could be 1p in the pound for instance. I have heard that previous promotion had contracted to pay per meeting, I have no idea of what it would be going forward. However, quite a lump were it to be paid up front as suggested. Reference to car boot sales I recall there was reluctance to do this whilst fundraising activity was happening, I am not sure if it was because of lease agreements or if it were intransigence by the promotors. What is also worth thinking on is the cost of returning to site to its former state as a rugby pitch and then who pays? Why is nothing straightforward? Quote Link to comment Share on other sites More sharing options...
leander Posted November 16, 2016 Report Share Posted November 16, 2016 (edited) If the previous promotion went into liquidation, does that mean that any debts are reduced or written off? Make no mistake the Administrators are acting on behalf of the creditors. They get the best deal for whatever assets are left and divvy it up between the creditors. If the best bid is from a scrap merchant (for example) they WILL SELL to that scrap merchant. So hope the best deal is from someone who wants to run speedway. Edited November 16, 2016 by leander 1 Quote Link to comment Share on other sites More sharing options...
Devilman Posted November 17, 2016 Report Share Posted November 17, 2016 I understand what you are saying leander, however it is a designated sports ground which still has one rugby pitch and the changing facilities in addition to the track, pits and facilities.. I think the use of the land would be restricted. Had it been useful for either commercial or housing it would probably been sold years ago. Quote Link to comment Share on other sites More sharing options...
arnieg Posted November 17, 2016 Report Share Posted November 17, 2016 I imagine the lease (and it may only be a licence to occupy anyway) can't be assigned without the consent of the school (as landlords) so the only assets the administrators are seeking to realise would be the odd bit of track equipment and the intangible value of the right to run speedway in Plymouth (however that is in the gift of the BSPA). I'm assuming riders contracts (a debatable concept as an asset) have already reverted to the BSPA. 1 Quote Link to comment Share on other sites More sharing options...
dazzafl Posted November 17, 2016 Report Share Posted November 17, 2016 you will be suprised i am sure the rent was over 1000 a week when bowden had it.. so 25k isnt that hard to get to .. Quote Link to comment Share on other sites More sharing options...
Lord Skid Posted November 17, 2016 Report Share Posted November 17, 2016 If that's a true figure, then it's pretty reasonable, taking into account that the Club has the full catering rights, compared to many Clubs where the Bar and Catering revenue is kept by the Stadium, it appears they can also run training schools. Quote Link to comment Share on other sites More sharing options...
Sings4Speedway Posted November 17, 2016 Report Share Posted November 17, 2016 If that's a true figure, then it's pretty reasonable, taking into account that the Club has the full catering rights, compared to many Clubs where the Bar and Catering revenue is kept by the Stadium, it appears they can also run training schools. I never get why more clubs don't run training schools / practice days especially in the early season. Its a complete cash cow. 30 riders @ £30 each is £900 a session. Yes there are other expenses as ever but medical cover only needs to be basic and there are riders screaming for early season track time and its a great way for clubs to boost their funds pre season. Quote Link to comment Share on other sites More sharing options...
GWC Posted November 17, 2016 Report Share Posted November 17, 2016 That's why to be a promoter you need a small fortune behind you - after first starting with a large fortune! 2 Quote Link to comment Share on other sites More sharing options...
Devilman Posted November 17, 2016 Report Share Posted November 17, 2016 Planning permissions restrict not only the meetings but also training/practice time. Certainly the case in Plymouth. As far as the cost of the lease to run at the St Boniface Arena I confess to be very surprised at the figure quoted by the earlier poster. Quote Link to comment Share on other sites More sharing options...
Tsunami Posted November 17, 2016 Report Share Posted November 17, 2016 If I were the Landlord, then I would want the 2017 rent upfront, but would probably just Rent the site out for Car boot sales, can't believe their Board of Governors will be desperate to get involved in Speedway again. Never going to happen anywhere. Quote Link to comment Share on other sites More sharing options...
Lord Skid Posted November 17, 2016 Report Share Posted November 17, 2016 We're talking about people dealing with Del Boy type Promoters here, if they said it was daytime, you'd go outside and check. 1 Quote Link to comment Share on other sites More sharing options...
leander Posted November 19, 2016 Report Share Posted November 19, 2016 (edited) I understand what you are saying leander, however it is a designated sports ground which still has one rugby pitch and the changing facilities in addition to the track, pits and facilities.. I think the use of the land would be restricted. Had it been useful for either commercial or housing it would probably been sold years ago. Yes but you don't own the track so that's not a factor. It's the fixtures and fittings. i.e. Fence, Air bags, water tender?, and riders (if any). The fact that it's a designated sport facility and you own planning rights to run speedway is probably in your favour. The fact that you don't own the land is certainly in your favour as it'll keep any potential developers away. Edited November 19, 2016 by leander Quote Link to comment Share on other sites More sharing options...
Mike0310 Posted November 19, 2016 Report Share Posted November 19, 2016 (edited) . Edited November 20, 2016 by Mike0310 2 Quote Link to comment Share on other sites More sharing options...
greyhoundp Posted November 19, 2016 Report Share Posted November 19, 2016 Im just wondering, theres a certain NL Team manager spending the weekend down that way this week, could he be involved ?, he currently doesnt have a Team to Manage, but he has Cornish rider connections through two current Cornish riders Hmmmmmm it wouldnt surprise me, maybe Im putting 2+2 and coming up with 5, but whoever takes over, in my opinion it has to be NL... 2 Quote Link to comment Share on other sites More sharing options...
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