Daniel Smith Posted February 14, 2019 Report Share Posted February 14, 2019 1 hour ago, Rayleigh said: How much was the total debt? £100,000+. That is the owners whole debt, including the stupid MX track installation etc Quote Link to comment Share on other sites More sharing options...
Rayleigh Posted February 14, 2019 Report Share Posted February 14, 2019 20 minutes ago, Daniel Smith said: £100,000+. That is the owners whole debt, including the stupid MX track installation etc But surely the Bond (I believe to be 50K - 60K) is to only cover Speedway related debts. 1 Quote Link to comment Share on other sites More sharing options...
89buttons Posted February 14, 2019 Report Share Posted February 14, 2019 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. Quote Link to comment Share on other sites More sharing options...
Daniel Smith Posted February 14, 2019 Report Share Posted February 14, 2019 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. Quote Link to comment Share on other sites More sharing options...
cityrebel Posted February 14, 2019 Report Share Posted February 14, 2019 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. Quote Link to comment Share on other sites More sharing options...
SPEEDY69 Posted February 14, 2019 Report Share Posted February 14, 2019 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. 1 Quote Link to comment Share on other sites More sharing options...
Fromafar Posted February 14, 2019 Report Share Posted February 14, 2019 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. Quote Link to comment Share on other sites More sharing options...
Ben91 Posted February 23, 2019 Report Share Posted February 23, 2019 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? Quote Link to comment Share on other sites More sharing options...
GWC Posted February 25, 2019 Report Share Posted February 25, 2019 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. Quote Link to comment Share on other sites More sharing options...
DSC67 Posted February 25, 2019 Report Share Posted February 25, 2019 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 Quote Link to comment Share on other sites More sharing options...
ryecastle Posted April 5, 2019 Report Share Posted April 5, 2019 Looks like Rye house speedway has new owners Quote Link to comment Share on other sites More sharing options...
LesR Posted April 6, 2019 Report Share Posted April 6, 2019 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? Quote Link to comment Share on other sites More sharing options...
ryecastle Posted April 6, 2019 Report Share Posted April 6, 2019 12 hours ago, LesR said: Do you mean " Rye House Rockets Ltd " the newly incorporated company, on 30th March 2019, with James Mead as sole director? No, I mean Carter and Bailey ltd who own the speedway and kart track has new owners. Quote Link to comment Share on other sites More sharing options...
Rayleigh Posted April 8, 2019 Report Share Posted April 8, 2019 I understand nothing to do with Carter and Bailey or nothing to do with BMR Quote Link to comment Share on other sites More sharing options...
startline sid Posted April 8, 2019 Report Share Posted April 8, 2019 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 1 Quote Link to comment Share on other sites More sharing options...
Rayleigh Posted April 8, 2019 Report Share Posted April 8, 2019 Im sure it doesn't mean owing Rye House Rockets Ltd means buying the stadium from BMR, maybe his interest IS running speedway at the stadium Quote Link to comment Share on other sites More sharing options...
GWC Posted April 8, 2019 Report Share Posted April 8, 2019 Probably the official receiver! Quote Link to comment Share on other sites More sharing options...
Rayleigh Posted April 8, 2019 Report Share Posted April 8, 2019 1 hour ago, GWC said: Probably the official receiver! Definitely not, apparently it is genuine . Quote Link to comment Share on other sites More sharing options...
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