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Rye House 2018


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On 1/11/2019 at 10:00 AM, bigcatdiary said:

Of course that’s assuming Rye paid a bond in the first place.

GOOD point... it has been suggested that some tracks consider their rider assets (which, in fact, are not really tangible assets in the first place) as their bond. 

Edited by PHILIPRISING
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16 hours ago, screm said:

The riders will get their money either directly from the promotion or from the bond, in reality one and the same really, in fact haven't at least some of the riders had their money. If the riders did take advantage of a promotion who had no idea about speedway, then more fool them, as surely in those circumstances you would get someone in at least to advise on doing rider contracts. I don`t put blame any of this at the door of Chris Harris.

If there's enough money to come from the bond etc. the BSPA will only pay standard rates not any inflated rates or guarantees riders where on! 

No winners in this whole scenario............

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23 hours ago, screm said:

The riders will get their money either directly from the promotion or from the bond, in reality one and the same really, in fact haven't at least some of the riders had their money. If the riders did take advantage of a promotion who had no idea about speedway, then more fool them, as surely in those circumstances you would get someone in at least to advise on doing rider contracts. I don`t put blame any of this at the door of Chris Harris.

As I said before what if no bond was paid.

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23 hours ago, Skidder1 said:

Its what happens when clubs offer inflated guarantees to riders.  Bomber still reckons he's owed money for 9 meetings in this week's Star.

Glasgow fans reckon they are owed a season worth of heat leader performances. Oh well.

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On 1/25/2019 at 11:13 AM, Ghosty said:

If there's enough money to come from the bond etc. the BSPA will only pay standard rates not any inflated rates or guarantees riders where on! 

No winners in this whole scenario............

If only the Clubs paid standard rates,maybe the Sport would be in a healthier state.;)

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13 hours ago, Lord Skid said:

The future Riders will soon become mercaneries, when they get shafted by Promoters, as they inevitably will.

But at least everyone will know where they stand. Pay up at the end of each meeting and a rider will turn up for the next (considering how easy it is to do via bank transfer these days). Should never be situations where riders ride for 9 meetings without getting paid. No pay, no ride but no risk of being banned. 

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On 1/29/2019 at 9:18 AM, Sings4Speedway said:

But at least everyone will know where they stand. Pay up at the end of each meeting and a rider will turn up for the next (considering how easy it is to do via bank transfer these days). Should never be situations where riders ride for 9 meetings without getting paid. No pay, no ride but no risk of being banned. 

All clubs finances should be monitored by an impartial accountant to ensure other tracks don't end up like Rye House. Something like football's FFP should be put in place to make sure clubs don't live beyond their means.

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Its more likely to be a 'minimum' standard rate for each league.  Clubs will plan a budget and will pay (directly or indirectly via sponsors) what they think they will be able to afford based on projected income from what ever sources are at their disposal - which will be very different at each club.

Most riders want guaranteed regular payment rather than loads of 'promises', contracted or otherwise.

Obviously, the 'better' the rider is, the better deal can be negotiable.

Edited by Skidder1
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6 hours ago, cityrebel said:

I wonder where that leaves Rye House stadium. Maybe it will be sold to pay off the creditors.

BMR are only the leaseholders - as far as I know the Lee Valley authority actually own the stadium

 

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