Spl77 Posted October 12, 2018 Report Share Posted October 12, 2018 If you take the riding assets away then what is actually up for sale? as the stadium is council owned. Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted October 12, 2018 Report Share Posted October 12, 2018 4 hours ago, Spl77 said: If you take the riding assets away then what is actually up for sale? as the stadium is council owned. A tractor and Starman 1 1 Quote Link to comment Share on other sites More sharing options...
Steve0 Posted October 12, 2018 Report Share Posted October 12, 2018 (edited) 2 minutes ago, A ORLOV said: A tractor and Starman No one would be interested then EDIT - maybe in the tractor Edited October 12, 2018 by Steve0 Quote Link to comment Share on other sites More sharing options...
Orbiter Posted October 13, 2018 Report Share Posted October 13, 2018 On 10/12/2018 at 7:01 AM, Spl77 said: If you take the riding assets away then what is actually up for sale? as the stadium is council owned. The Poole Speedway brand but that's really only worth a tennar and a free meal voucher at Harvester Quote Link to comment Share on other sites More sharing options...
Trees Posted October 14, 2018 Report Share Posted October 14, 2018 Here's your chance Shovlar!! Quote Link to comment Share on other sites More sharing options...
Steve Shovlar Posted October 14, 2018 Report Share Posted October 14, 2018 12 minutes ago, Trees said: Here's your chance Shovlar!! Chance? Quote Link to comment Share on other sites More sharing options...
Spl77 Posted October 14, 2018 Report Share Posted October 14, 2018 12 hours ago, Orbiter said: The Poole Speedway brand but that's really only worth a tennar and a free meal voucher at Harvester I'm trying to work out the value of Poole aor for that matter any club as the 'rider assets' are worthless. As for a brand then that aswell must have little worth. The ironic thing is the BSPA have spent the last 25 years at least running the sport to suit individual agenda's of various promotions to 'protect' their financial interests. Those actions now make those investments almost worthless when coming to sale.....who would spend thousands on a knacked old tractor and some dirt? 2 Quote Link to comment Share on other sites More sharing options...
Daniel Smith Posted October 14, 2018 Report Share Posted October 14, 2018 Half a million The only person to fork out that kind of money would be a pro footballer looking for a new toy to play with. Any sensible, professional, self leveling business man wouldn't go anywhere near £500,000. Unusable rider assets and the Poole Pirates name are the only things up for sale. So total value to start with a new owner will be around £600,000 to £700,000 once BSPA bond, rider contracts etc etc are taken into account. Total madness, only a mug would take that on. 1 Quote Link to comment Share on other sites More sharing options...
LisaColette Posted October 14, 2018 Report Share Posted October 14, 2018 Surely you have to start with a high figure though to negotiate? Quote Link to comment Share on other sites More sharing options...
Starman2006 Posted October 14, 2018 Report Share Posted October 14, 2018 On 10/11/2018 at 3:38 PM, Fixer2 said: I see Chris Holder has his house on the market... guess he's also moving on!.... And how do you know its Chris's house ? 1 Quote Link to comment Share on other sites More sharing options...
Steve Shovlar Posted October 14, 2018 Report Share Posted October 14, 2018 So some on here think the value of a profitable business is the price of some shale and an old tractor. If some on here can’t see the worth they had better stick to their day jobs of 9-5! Gate money alone is over half a million a year. Plus sponsorship etc. Not worth more than a couple of thousand to buy the club? Some on here are totally and utterly clueless. 1 Quote Link to comment Share on other sites More sharing options...
ray c Posted October 14, 2018 Report Share Posted October 14, 2018 (edited) I would think any new promotor or investor would probably have to negotiate a new deal with stadia UK for use of the facility at the stadium Edited October 14, 2018 by ray c Quote Link to comment Share on other sites More sharing options...
LisaColette Posted October 14, 2018 Report Share Posted October 14, 2018 12 minutes ago, ray c said: I would think any new promotor or investor would probably have to negotiate a new deal with stadia UK for use of the facility at the stadium Why? They are not allowed to run greyhounds without speedway, or so the local council says. So wouldn't it just stay the same? Unless you mean the price of the rent? Quote Link to comment Share on other sites More sharing options...
daz9100 Posted October 14, 2018 Report Share Posted October 14, 2018 47 minutes ago, Starman2006 said: And how do you know its Chris's house ? It's fairly obvious if you've seen the advert. There aren't many speedway riders who live in that area and have a set of helmets over the fireplace, trophies on display and a track in the back garden. 3 4 Quote Link to comment Share on other sites More sharing options...
ray c Posted October 14, 2018 Report Share Posted October 14, 2018 15 minutes ago, lisa-colette said: Why? They are not allowed to run greyhounds without speedway, or so the local council says. So wouldn't it just stay the same? Unless you mean the price of the rent? ,I would think the rent is main thing if there is a need of new terms Quote Link to comment Share on other sites More sharing options...
woofers Posted October 14, 2018 Report Share Posted October 14, 2018 (edited) On 11 October 2018 at 2:23 PM, Skidder1 said: I'm fairly sure that in the last accounts filed for 2017 Poole's assets were valued at around #130k On 11 October 2018 at 9:11 PM, MrMungo said: £40k worth of Fixed Assets, too. Both figures correct, however there are liabilities to take account of as well. The net worth of the company is shown as £77k, down from £98k in 2016. But these are unaudited accounts, as are most Speedway clubs, and there is no uniform measure or requirement of assets, nor is there any accurate measure of profitability. Just because the net worth is down by £21k in a year it doesn't necessarily mean they made a loss, it could be that the owners decided to take out some of the retained profits from earlier years. Edited October 14, 2018 by woofers Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted October 14, 2018 Report Share Posted October 14, 2018 As most clubs seem to be making a loss and the number of fans going to meetings is dropping the value of any club is going down year on year. If there are less clubs racing and a lower standard of racing due to most clubs wanting to cut costs and many of the top riders only riding abroad the value of any club is going down. So to include any present fan income or sponsorship income is very dangerous and only anyone with very deep pockets or wanting to spend profits from elsewhere would put a high value on any club as there are too many unknowns. Quote Link to comment Share on other sites More sharing options...
Jonny the spud Posted October 14, 2018 Report Share Posted October 14, 2018 As it’s such an iconic club with a superb set up and massive crowds that other clubs can only dream of, I take it Starman and Shovvy are putting together a business plan as we speak to secure the finance and make a fans buy out. I mean, it’s a no brainier so they keep telling us? 6 3 Quote Link to comment Share on other sites More sharing options...
poole keith Posted October 14, 2018 Report Share Posted October 14, 2018 2 hours ago, lisa-colette said: Why? They are not allowed to run greyhounds without speedway, or so the local council says. So wouldn't it just stay the same? Unless you mean the price of the rent? not strictly true lisa,the original negotiations as i understand was that the future leaseholder had to make the stadium available for two of the three sports,greyhounds,speedway and football,but that the leaseholder would decide which two would operate(certain that ptc were thinking the football would be poole town,even though that prospect reared its head a couple of yrs ago it would appear to be dead in the water)though to comply with the lease any football team would probably do. Quote Link to comment Share on other sites More sharing options...
poole keith Posted October 14, 2018 Report Share Posted October 14, 2018 2 hours ago, Steve Shovlar said: So some on here think the value of a profitable business is the price of some shale and an old tractor. If some on here can’t see the worth they had better stick to their day jobs of 9-5! Gate money alone is over half a million a year. Plus sponsorship etc. Not worth more than a couple of thousand to buy the club? Some on here are totally and utterly clueless. there are some clever businessmen who are very sceptical of the wisdom in buying any speedway club,poole is actually one of the riskier purchases because the present owner will want too much for it,i was with two existing sponsors who were discussing the sale and they both came up with a figure of 100k tops,but knew matt would want more,the big stumbling block is just what value you put on the goodwill,nobody knows. In your offer price you have to factor in how much dosh you need in reserve to cover risk,cost of assembling a 2019 team,40k bspa bond,the risk of 5 rain offs in a row,the risk of having similar very poor crowds as march to july this yr,the big risk that many of the sponsors are "matts sponsors" and may not stay with you,and the killer risk "security of tenure" bearing all the rumour re the stadium in the last 3months.But after all that(i doubt you fall into this category ss) if you are a wealthy enthusiast then go for it 2 Quote Link to comment Share on other sites More sharing options...
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