scaramanga Posted February 26, 2018 Report Share Posted February 26, 2018 i always found it strange and funny that if a foreign rider wanted to ride speedway in uk he had to pass a english test but footballers takeaway workers and such like can find work much easier than home grown uk residents who do speak the native tounge 1 Quote Link to comment Share on other sites More sharing options...
Tsunami Posted February 26, 2018 Report Share Posted February 26, 2018 3 hours ago, Argos said: Can someone confirm or deny that if a new Promotor opens up a new Track and applies to join the PL or CL, the BSPA insists they must have a Retained list to the value of X amount, If this is correct does it mean that the riders are assets of the new Club?, and is it different for each league? It is correct that they have to have riders to a value of, or place a financial bond with the BSPA to that value. Obviously for the riders to have value to the new promotion, they would have to own them, otherwise they would just be loan riders. The value of the bond is considerably higher in the higher league. If the promotion sells an asset, and they are below the bond value, or now below after the sale, they can be urged by the BSPA to sign riders, or place a financial bond for the difference. NB Asset in terms of holding the riders permit to ride in the UK. Quote Link to comment Share on other sites More sharing options...
scaramanga Posted February 26, 2018 Report Share Posted February 26, 2018 its more of a way of making sure there is enough credit there to pay the bills if it all goes ** up thats what i was told years ago from a co promotor 1 Quote Link to comment Share on other sites More sharing options...
Argos Posted February 26, 2018 Author Report Share Posted February 26, 2018 So if say Matt Ford sold Poole included in the Price would be all is assets, which would be quite considerable, What would happen if KK who is a asset of Poole didn’t want to part of the sale, could he refuse, Quote Link to comment Share on other sites More sharing options...
Tsunami Posted February 26, 2018 Report Share Posted February 26, 2018 48 minutes ago, scaramanga said: its more of a way of making sure there is enough credit there to pay the bills if it all goes ** up thats what i was told years ago from a co promotor That's right, and it is used to pay all speedway debts, that is to the BSPA, Clubs and riders. Quote Link to comment Share on other sites More sharing options...
Tsunami Posted February 26, 2018 Report Share Posted February 26, 2018 (edited) 15 minutes ago, Argos said: So if say Matt Ford sold Poole included in the Price would be all is assets, which would be quite considerable, What would happen if KK who is a asset of Poole didn’t want to part of the sale, could he refuse, Mute point that as all transfers between clubs have to be signed by all 3 participants. The riders signature is for him to agree to take a 10%age of the deal, or to forgo his share at that stage to collect his share of a future and larger transfer deal. If he doesn't take a %age I think after 10 years, he is entitled to a benefit meeting. In the case of KK, or any non ACU/SCB riders, their ownership transfers to the BSPA to decide what is the best solution. When you sign a non ACU/SCB rider, it is the BSPA who acts as the agent with the riders federation to issue 'rights to ride in the UK' not the club. Edited February 26, 2018 by Tsunami Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.