Assets

[Tsunami]

So if nobody owns him, why do the club obtain a loan fee?

 

Does anybody own your plumber or electrician?

 

An absolute farce of a position. Contract should be for a season only. No entitlement for anyone. That would put a stop to teams building up a lucrative asset base and reaping the benefit.

 

The rider would truly be self-employed and they would be able to negotiate freely on a contract for services basis, without anyones permission.

I believe all riders have to be registered to clubs, and self owning is not allowed in British Speedway. It was phased out probably over 20 years ago, and I think that Neil Evitts was one of the last to self own.

[balderdash&piffle]

I believe all riders have to be registered to clubs, and self owning is not allowed in British Speedway. It was phased out probably over 20 years ago, and I think that Neil Evitts was one of the last to self own.

You know as I do Dave, the problem lies with the BSPA being a private club, setting it's own rules, and if you don't follow the private clubs rules you are not allowed to join or are excluded from the club. If you are not in the club you cannot run speedway in the UK, as it as a closed shop.

 

All riders are self employed, so under UK law should be able to ply their trade to whom ever they decide, and not be restricted by the private club rules.

[A ORLOV]

You know as I do Dave, the problem lies with the BSPA being a private club, setting it's own rules, and if you don't follow the private clubs rules you are not allowed to join or are excluded from the club. If you are not in the club you cannot run speedway in the UK, as it as a closed shop.

 

All riders are self employed, so under UK law should be able to ply their trade to whom ever they decide, and not be restricted by the private club rules.

Correct and if the bspa blacklist a rider for not following their "asset" system there is only two things the rider can do. One is just ride abroad and the second is to get clubs to run their own league and who are not members of the bspa.

I do agree though with the fact that the lower leagues should receive something for training up a rider.

[theblueboy]

To me the issue with regard to the training of youngsters nurtured by clubs is a different proposition and would have to be dealt with on an individual by individual basis based on the facts surrounding the arrangements provided by the promoters.

 

Balderdash&piffle is bang on the money with regard to the riders engagement and until the BSPA accept the asset market is fundamentally wrong, with all riders free at the end of a specified contract, this ridiculous position will continue.

 

Time for these dinosaurs to come in to the 21st Century. If not, like their predecessors, they and the sport will become extinct...

[SteveLyric2]

I believe all riders have to be registered to clubs, and self owning is not allowed in British Speedway. It was phased out probably over 20 years ago, and I think that Neil Evitts was one of the last to self own.

 

So if clubs have a list of 'registered' riders (assets by any other name), does that give the club an increased value? If not, then what value does a club actually have - especially if they don't own their stadium or even equipment?

 

In other words if a club owner wanted to sell the club to another owner, would the value of said club (ie the selling/purchase price) be enhanced by having a strong list of 'registered' riders as 'assets' of the club?

Edited October 26, 2017 by Skidder1

[IronScorpion]

There is snippets of this issue on NL threads as most riders start their trade at junior level(NDL) before progressing through NL, CP & PL. Teams should not be able to sign riders as assets just because they have potential, Proven by the ridiculous state of the EDR system when Poole had a large asset base & priority of pick of 2nd rider.

 

I do believe that once a rider has ridden a set number of meetings for a club then this said rider can be signed as an asset of this club. If he then moves on, the said club receives a loan fee.

 

If this said rider does not ride for this club for 3 seasons, they lose this rider as an asset.

[A ORLOV]

 

So if clubs have a list of 'registered' riders (assets by any other name), does that give the club an increased value? If not, then what value does a club actually have - especially if they don't own their stadium or even equipment?

 

In other words if a club owner wanted to sell the club to another owner, would the value of said club (ie the selling/purchase price) be enhanced by having a strong list of 'registered' riders as 'assets' of the club?

Any prospective purchaser of a club would need to be very suspect about valuing any rider in the purchase price, as any rider may not like the new management and move and ride abroad, or any rider could be involved in a major accident and not able to ride again so becomes worthless.

[Tsunami]

 

So if clubs have a list of 'registered' riders (assets by any other name), does that give the club an increased value? If not, then what value does a club actually have - especially if they don't own their stadium or even equipment?

 

In other words if a club owner wanted to sell the club to another owner, would the value of said club (ie the selling/purchase price) be enhanced by having a strong list of 'registered' riders as 'assets' of the club?

Probably will. Loan fees would come to the new promotion and by riding your own assets means you aren't paying loan fees, so signing riders has benefits as opposed to loaning other clubs riders. Another aspect is that if a club does not have assets to a certain value say £15k\£20k, they have to lodge the full amount of the bond value.

Edited October 26, 2017 by Tsunami

[PHILIPRISING]

ASSETS could be the new bitcoin.