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Rye House 2018


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4 hours ago, Daniel Smith said:

The debt owed by the Rye House promotion was way above the Bond amount. The standard rate allows the BSPA to split the amount owed evenly for all 7 rider's. 

A bar has to be set somewhere. Would you think it's fair if a No1 is owed £50,000 and a No7 owed £2,000, should the No7 miss out because the No1 takes all the Bond?!?

I'm not sure but, Bomber's the only Rye rider I've seen saying he's owed money. 

Aaron Summers made it known a week or two back he’s owed money still, as are other team members. Said he hasn’t wanted to come out publicly but felt any riders paying the club to use the track for practise days being laid on in jan and feb should know they’re lining the pockets of people still owe other riders money and wanted to explain his disgust that they are able to earn revenue from the track while still owing riders money.

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14 minutes ago, Rayleigh said:

But surely the Bond (I believe to be 50K - 60K) is to only cover Speedway related debts.

It does, but you asked what the promotions debt is. Speedway debt is around the £70,000 - £80,000. It's more than the bond and in total own over £100,000.

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1 hour ago, 89buttons said:

Aaron Summers made it known a week or two back he’s owed money still, as are other team members. Said he hasn’t wanted to come out publicly but felt any riders paying the club to use the track for practise days being laid on in jan and feb should know they’re lining the pockets of people still owe other riders money and wanted to explain his disgust that they are able to earn revenue from the track while still owing riders money.

As an unlicensed track, there's very little BSPA can do about it. Maybe the riders could sue the promoters for loss of earnings. Probably more chance of getting blood out of a stone.

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7 hours ago, Daniel Smith said:

The debt owed by the Rye House promotion was way above the Bond amount. The standard rate allows the BSPA to split the amount owed evenly for all 7 rider's. 

A bar has to be set somewhere. Would you think it's fair if a No1 is owed £50,000 and a No7 owed £2,000, should the No7 miss out because the No1 takes all the Bond?!?

I'm not sure but, Bomber's the only Rye rider I've seen saying he's owed money. 

Doesn't mean he's the only one though, just that others don't choose to make it public.

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10 hours ago, Daniel Smith said:

The debt owed by the Rye House promotion was way above the Bond amount. The standard rate allows the BSPA to split the amount owed evenly for all 7 rider's. 

A bar has to be set somewhere. Would you think it's fair if a No1 is owed £50,000 and a No7 owed £2,000, should the No7 miss out because the No1 takes all the Bond?!?

I'm not sure but, Bomber's the only Rye rider I've seen saying he's owed money. 

Aaron Summers is saying he still owed money.

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  • 2 weeks later...
On 2/14/2019 at 2:33 PM, Daniel Smith said:

It does, but you asked what the promotions debt is. Speedway debt is around the £70,000 - £80,000. It's more than the bond and in total own over £100,000.

As a Kings Lynn fan you seem to know a lot about the debts at Rye House. Got any proof or is it just bluster? 

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6 hours ago, GWC said:

Whatever the debt is it’s clear Mr Scott isn’t the ‘multi-millionaire’ he was alleged to be when he took over the club.

 

The Micheal Knighton of Brittish Speedway 

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  • 1 month later...
11 hours ago, ryecastle said:

Looks like Rye house speedway has new owners

Do you mean " Rye House Rockets Ltd " the newly incorporated company, on 30th March 2019, with James Mead as sole director?

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33 minutes ago, Rayleigh said:

I understand nothing to do with Carter and Bailey or nothing to do with BMR

lets just hope the new owner includes speedway in his plans - I am sure someone could be successful there running meetings on a Sat night

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