Argos Posted October 11, 2018 Report Share Posted October 11, 2018 All this nonsense about Poole Speedway is up for Sale “If I receive the right Price” Well actually this applies to every Track in the Country, A Speedway Club is a Business and every Business has a Price, There is not a Promoter in the Country that if someone offered them a offer they couldn’t refuse wouldn’t sell, 3 Quote Link to comment Share on other sites More sharing options...
Ace no.5 Posted October 11, 2018 Report Share Posted October 11, 2018 There's a difference between being open to sale and up for sale... Quote Link to comment Share on other sites More sharing options...
Theboss Posted October 12, 2018 Report Share Posted October 12, 2018 4 hours ago, Ace no.5 said: There's a difference between being open to sale and up for sale... Yes the price will be lower.... Although not sure it would be presently worth much either way! Quote Link to comment Share on other sites More sharing options...
mikebv Posted October 12, 2018 Report Share Posted October 12, 2018 (edited) Selling any Speedway track as a going concern will be like selling a shop currently sat in any one of hundreds of dilapidated high streets, precincts and parades around the country... You will be selling that business surrounded by dusty window fronted shops displaying signs saying 'closed', 'for rent' or 'for sale'.. With several more, who are still open, displaying 'everything must go' and 'closing down' signs. With the actual building itself, in line with virtually every other building adjacent, having an interior and exterior that's hardly changed in the past fifty years.. And if you do consider purchasing the business, your planned opening hours, a fundamental part of your business plan, have to be agreed to by the businesses adjacent and by your employees who will tell you when they are available... Hardly going to inspire you to invest in a location or business like that is it..? Edited October 12, 2018 by mikebv 7 1 Quote Link to comment Share on other sites More sharing options...
Spl77 Posted October 12, 2018 Report Share Posted October 12, 2018 1 hour ago, mikebv said: Selling any Speedway track as a going concern will be like selling a shop currently sat in any one of hundreds of dilapidated high streets, precincts and parades around the country... You will be selling that business surrounded by dusty window fronted shops displaying signs saying 'closed', 'for rent' or 'for sale'.. With several more, who are still open, displaying 'everything must go' and 'closing down' signs. With the actual building itself, in line with virtually every other building adjacent, having an interior and exterior that's hardly changed in the past fifty years.. And if you do consider purchasing the business, your planned opening hours, a fundamental part of your business plan, have to be agreed to by the businesses adjacent and by your employees who will tell you when they are available... Hardly going to inspire you to invest in a location or business like that is it..? How have you got your hands on the top secret BSPA business plan? 2 Quote Link to comment Share on other sites More sharing options...
MARK246 Posted October 12, 2018 Report Share Posted October 12, 2018 7 hours ago, Argos said: All this nonsense about Poole Speedway is up for Sale “If I receive the right Price” Well actually this applies to every Track in the Country, A Speedway Club is a Business and every Business has a Price, There is not a Promoter in the Country that if someone offered them a offer they couldn’t refuse wouldn’t sell, The Poole sale sounds like Matt Ford trying to bluff the BSPA into keeping a top league, so his rider "assets" retain some value. We heard it all from him in 2009, when he was going to close the track because the club was bottom of the league. Support from the south coast faithful was fickle then, as always. 2 Quote Link to comment Share on other sites More sharing options...
ray c Posted October 12, 2018 Report Share Posted October 12, 2018 2 hours ago, MARK246 said: The Poole sale sounds like Matt Ford trying to bluff the BSPA into keeping a top league, so his rider "assets" retain some value. We heard it all from him in 2009, when he was going to close the track because the club was bottom of the league. Support from the south coast faithful was fickle then, as always. Your way off the mark . I think Matt has gone as far as he can go personally hard act to follow though Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted October 12, 2018 Report Share Posted October 12, 2018 No accountant or bank would value any rider past their present contract as they can then walk away and not ride for the club so some of these valuations are pie in the sky. Also I wonder if any club actually has life or injury insurance on any rider so any investment is covered. I bet their tractors are insured. 1 Quote Link to comment Share on other sites More sharing options...
Steve0 Posted October 12, 2018 Report Share Posted October 12, 2018 2 minutes ago, A ORLOV said: No accountant or bank would value any rider past their present contract as they can then walk away and not ride for the club so some of these valuations are pie in the sky. Also I wonder if any club actually has life or injury insurance on any rider so any investment is covered. I bet their tractors are insured. Absolutely spot on. It’s all well and good have a stable of SGP riders as “assets” but if they can’t (or won’t) ride in the UK, they have no value whatsoever. Quote Link to comment Share on other sites More sharing options...
lisa-colette Posted October 12, 2018 Report Share Posted October 12, 2018 (edited) 5 hours ago, MARK246 said: The Poole sale sounds like Matt Ford trying to bluff the BSPA into keeping a top league, so his rider "assets" retain some value. We heard it all from him in 2009, when he was going to close the track because the club was bottom of the league. Support from the south coast faithful was fickle then, as always. He did not say he was going to close the track/club!!!! Just about maybe a different league. Edited October 12, 2018 by lisa-colette Quote Link to comment Share on other sites More sharing options...
Skidder1 Posted October 12, 2018 Report Share Posted October 12, 2018 (edited) 42 minutes ago, Steve0 said: Absolutely spot on. It’s all well and good have a stable of SGP riders as “assets” but if they can’t (or won’t) ride in the UK, they have no value whatsoever. Absolutely true but what about all the rider assets that do ride regularly in UK? They all have a perceived value as does anything else purchased in the club's name. However the value is what somebody is prepared to pay rather than what Matt wants to sell for! Even a list of commercial partners (Sponsors/Advertisers) will have some value to a potential buyer - especially if they get something contractual about continuing financial support. I mean why is Lee Kilby doing all his fine commercial work for Swindon (and others) if the clubs aren't going to continue? Edited October 12, 2018 by Skidder1 Quote Link to comment Share on other sites More sharing options...
Argos Posted October 12, 2018 Author Report Share Posted October 12, 2018 Wonder what Value Tai is in the Wolverhampton Balance Sheet, Quote Link to comment Share on other sites More sharing options...
Steve0 Posted October 12, 2018 Report Share Posted October 12, 2018 (edited) 55 minutes ago, Skidder1 said: Absolutely true but what about all the rider assets that do ride regularly in UK? They all have a perceived value as does anything else purchased in the club's name. However the value is what somebody is prepared to pay rather than what Matt wants to sell for! Even a list of commercial partners (Sponsors/Advertisers) will have some value to a potential buyer - especially if they get something contractual about continuing financial support. I mean why is Lee Kilby doing all his fine commercial work for Swindon (and others) if the clubs aren't going to continue? “Assets” that you believe have a perceived value have no value at all under the Bosman ruling. If they have no long term contract then they are not assets. Speedway has been flouting this law for years and it is illegal. It takes just one rider to challenge the asset system and it falls apart. Anyone interested in purchasing a speedway club should bear that in mind! Commercial partners may have some value depending on what their contracts say. Edited October 12, 2018 by Steve0 2 Quote Link to comment Share on other sites More sharing options...
Spl77 Posted October 12, 2018 Report Share Posted October 12, 2018 The problem is that the riders are self employed and so don't belong to any club. The whole asset system is only kept in place by the BSPA the minute a rider threatened legal action the whole thing would collapse. The only way a club can have any legal control over a rider is to sign him on a multi year contract. 2 Quote Link to comment Share on other sites More sharing options...
IainB Posted October 12, 2018 Report Share Posted October 12, 2018 9 minutes ago, Spl77 said: The problem is that the riders are self employed and so don't belong to any club. The whole asset system is only kept in place by the BSPA the minute a rider threatened legal action the whole thing would collapse. The only way a club can have any legal control over a rider is to sign him on a multi year contract. And all of that could possibly be thrown into confusion with the proposed tightening of the IR35 laws Quote Link to comment Share on other sites More sharing options...
woofers Posted October 12, 2018 Report Share Posted October 12, 2018 1 hour ago, Argos said: Wonder what Value Tai is in the Wolverhampton Balance Sheet, Rider Registrations in the Balance Sheet at 28 February 2017 are shown as £149,764. 1 Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted October 12, 2018 Report Share Posted October 12, 2018 21 minutes ago, woofers said: Rider Registrations in the Balance Sheet at 28 February 2017 are shown as £149,764. That is probably what they paid for them, it then depends what side of the balance sheet they are on. Quote Link to comment Share on other sites More sharing options...
johnno4 Posted October 12, 2018 Report Share Posted October 12, 2018 So Fat Maud is starting a new business abroad. What in Jam doughnuts or jammy dodgers ? Quote Link to comment Share on other sites More sharing options...
woofers Posted October 12, 2018 Report Share Posted October 12, 2018 46 minutes ago, A ORLOV said: That is probably what they paid for them, it then depends what side of the balance sheet they are on. Shown under Current Assets as Stocks. Quote Link to comment Share on other sites More sharing options...
Steve0 Posted October 12, 2018 Report Share Posted October 12, 2018 1 minute ago, woofers said: Shown under Current Assets as Stocks. Well that is definitely incorrect. This season is over and the value of their Rider “assets” is exactly £0 as they have no riders under contract. Tai may be a 3x world champion but he is worth nothing to Wolves if he doesn’t ride in the UK! he isn’t actually worth anything if he does ride - except if he goes on loan, the BSPA deem that they can claim a loan fee! 2 Quote Link to comment Share on other sites More sharing options...
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