Little Thumper Posted October 8, 2016 Report Share Posted October 8, 2016 Corbett bookmakers and they have a good relationship with the promotion maybe the only ones to Well, thanks for that FAST GATER. Who on earth are Corbett Bookmakers? And why on earth would they have a good relationship with the promoters? Mind you, if the relationship is that good, perhaps they will buy them a new generator to replace the current one which was made by Joseph Lucas, The Prince of Darkness. Be seeing you. Quote Link to comment Share on other sites More sharing options...
mickthemuppet Posted October 8, 2016 Report Share Posted October 8, 2016 Foxhall is spedeworth they take all the beverage sales The owner of Foxhall Stadium is Ipswich Speedway Ltd Speedworth only lease the stadium from them Quote Link to comment Share on other sites More sharing options...
CookieIpswich Posted October 9, 2016 Author Report Share Posted October 9, 2016 Really? So who gets the beverage sales? I'm sure spedeworth do who also control the hospitality boxes Quote Link to comment Share on other sites More sharing options...
dontforgetthefueltapsbruv Posted October 9, 2016 Report Share Posted October 9, 2016 The Ipswich Speedway Ltd that mick refers to is the original company from all those decades ago when the track was first built. It has no link to the current speedway club. The stadium is now effectively owned under long term lease by Spedeworth. They have control and receive all revenues as a result. The fact the land freeholder may still remain as the original Ipswich Speedway Ltd is rather irrelevant to the club now. Quote Link to comment Share on other sites More sharing options...
Woz01 Posted October 9, 2016 Report Share Posted October 9, 2016 If you're the lease holder you tend to get a large percentage of food and beverage sales. In previous seasons at Brandon it wouldve went to Sandhu's company but from next season it should be for Coventry Speedway as they now have the lease from Jan 2017 Quote Link to comment Share on other sites More sharing options...
Guest Posted October 9, 2016 Report Share Posted October 9, 2016 (edited) The owner of Foxhall Stadium is Ipswich Speedway Ltd Speedworth only lease the stadium from them You are correct. Spedeworth Motorsport negotiated a long-term lease for the Ipswich venue years ago - I think it was 100 years. The speedway are their tenants. Edited October 9, 2016 by Guest Quote Link to comment Share on other sites More sharing options...
Haza Posted October 9, 2016 Report Share Posted October 9, 2016 As far as I know, Glasgow, Scunthorpe, Buxton, Kent, Eastbourne, Leicester, King's Lynn, Somerset, Rye House all own their own stadiums. so all these clubs has to make money as they all have a massive advantage over the rest as no rent to pay and all income from bars and food out lets - let's put it this way if these clubs don't make money it's bleak out look for the rest . As Aces51 states, Belle Vue is effectively owned by Manchester City Council, until such time the "mortgage" is repaid to them over a 60 year period.and the chances of that being repaid over 60 years I'd guess is 0% as I've said all along I don't get how the figures add up at BV how can they afford this mortgage I'm guessing is payable over 12 months of the year ? 14 home EL meetings a semi final and final plus the WC that's 18 meetings plus the NL fixtures which I guess are run at a loss , yes the play off semi and final was well attended as was the WC but surly they need crowds like that every meeting to cover this mortgage ? Don't get me wrong I hope this stadium and club survives but I don't get how the figures all add up . Quote Link to comment Share on other sites More sharing options...
Guest Posted October 9, 2016 Report Share Posted October 9, 2016 (edited) so all these clubs has to make money as they all have a massive advantage over the rest as no rent to pay and all income from bars and food out lets - let's put it this way if these clubs don't make money it's bleak out look for the rest . I don't think that Kent Kings as such own their stadium, although I concede that the owners - the greyhound stadium - do have a vested interest in the speedway. Perhaps, if my good friend Parsloes 1928 nearly, makes one of his now all too rare BSF visits sees this, he will clarify the situation. Edited October 9, 2016 by Guest Quote Link to comment Share on other sites More sharing options...
mickthemuppet Posted October 9, 2016 Report Share Posted October 9, 2016 The Ipswich Speedway Ltd that mick refers to is the original company from all those decades ago when the track was first built. It has no link to the current speedway club. The stadium is now effectively owned under long term lease by Spedeworth. They have control and receive all revenues as a result. The fact the land freeholder may still remain as the original Ipswich Speedway Ltd is rather irrelevant to the club now. The word lease gives you a clue that they do not own the stadium. Spedworth pay rent to Ipswich Speedway Ltd Spedworth who in turn sub lease the stadium to Ipswich Speedway Promotions Ltd whose sole shareholder is Chris Louis Quote Link to comment Share on other sites More sharing options...
Aces51 Posted October 9, 2016 Report Share Posted October 9, 2016 so all these clubs has to make money as they all have a massive advantage over the rest as no rent to pay and all income from bars and food out lets - let's put it this way if these clubs don't make money it's bleak out look for the rest . and the chances of that being repaid over 60 years I'd guess is 0% as I've said all along I don't get how the figures add up at BV how can they afford this mortgage I'm guessing is payable over 12 months of the year ? 14 home EL meetings a semi final and final plus the WC that's 18 meetings plus the NL fixtures which I guess are run at a loss , yes the play off semi and final was well attended as was the WC but surly they need crowds like that every meeting to cover this mortgage ? Don't get me wrong I hope this stadium and club survives but I don't get how the figures all add up . The Aces promotion submitted a detailed business case which was approved by independent assessors and accepted by the council. Remember that the stadium will also gain revenue from being used for pop events, conferences and as a wedding/ party venue. The academy will also be starting next year. This year has been difficult not only because of the opening meeting but the loss of revenue resulting from the knock on effects including not having a home EL meeting until mid May and the loss of two bank holiday meetings, which traditionally bring in the better crowds. Crowds are significantly up on last year and not only are fans who haven't attended since the Hyde Road days coming back but there are also newcomers to the sport. The crowd for the recent play of final was probably made up of 90/95% locals and I think that also gives realistic hope that more than a few of them will return next year. The more people we can get to actually come and see what is on offer, both with the facilities and the brilliant track, the more people will keep returning. How can anyone who was priveledged to see that final not want to come back for more? The future is not going to be easy but there is good reason for optimism. 2 Quote Link to comment Share on other sites More sharing options...
cityrebel Posted October 9, 2016 Report Share Posted October 9, 2016 As a long standing fan that has witnessed racing at some of this country's all time greats such as west ham and Hyde road, the new belle vue is right up there with them. Speedway needs to flourish at the NSS for the benefit of the sport as a a whole. 3 Quote Link to comment Share on other sites More sharing options...
dontforgetthefueltapsbruv Posted October 9, 2016 Report Share Posted October 9, 2016 The word lease gives you a clue that they do not own the stadium. Spedworth pay rent to Ipswich Speedway Ltd Spedworth who in turn sub lease the stadium to Ipswich Speedway Promotions Ltd whose sole shareholder is Chris Louis note the word 'effectively' Spedeworth do not pay rent to Ipswich Speedway Ltd - they bought a lease which is very different in practical terms when the length of it is as long as it seems this arrangement is. Whilst not the 'owners' as freeholder Spedeworth have full control and full receipt of all revenues generated. And as pointed out Ipswich Speedway Ltd has no connection to the current promotion. Quote Link to comment Share on other sites More sharing options...
Guest Posted October 9, 2016 Report Share Posted October 9, 2016 (edited) note the word 'effectively' Spedeworth do not pay rent to Ipswich Speedway Ltd - they bought a lease which is very different in practical terms when the length of it is as long as it seems this arrangement is. Whilst not the 'owners' as freeholder Spedeworth have full control and full receipt of all revenues generated. And as pointed out Ipswich Speedway Ltd has no connection to the current promotion. As I understand it, Spedeworth have a 100 year lease on Foxhole Heath which I think started about 20 years ago. Edited October 9, 2016 by Guest Quote Link to comment Share on other sites More sharing options...
greyhoundp Posted October 11, 2016 Report Share Posted October 11, 2016 As I understand it, Spedeworth have a 100 year lease on Foxhole Heath which I think started about 20 years ago. If anyone really wants to know, you send a Location map to the Land Registry pay a small fee, I believe £3 and they will return to you a copy of whatever leases are held on that particular site and that applies to all Speedway Stadia, and indeed any land in the Country.. Quote Link to comment Share on other sites More sharing options...
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