LisaColette Posted October 12, 2018 Report Share Posted October 12, 2018 1 hour ago, johnno4 said: So Fat Maud is starting a new business abroad. What in Jam doughnuts or jammy dodgers ? The Poole riders are the jammy ones getting to go to the Abu Dhabi F1 GP!! Quote Link to comment Share on other sites More sharing options...
Starman2006 Posted October 12, 2018 Report Share Posted October 12, 2018 (edited) 2 hours ago, johnno4 said: So Fat Maud is starting a new business abroad. What in Jam doughnuts or jammy dodgers ? No, in sour grapes to sell to you lot. This time next year he'l be a millionaire. Edited October 12, 2018 by Starman2006 Quote Link to comment Share on other sites More sharing options...
Starman2006 Posted October 12, 2018 Report Share Posted October 12, 2018 (edited) 9 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. Believe me, he's deadly serious. Sadly. Edited October 12, 2018 by Starman2006 Quote Link to comment Share on other sites More sharing options...
ray c Posted October 12, 2018 Report Share Posted October 12, 2018 9 minutes ago, Starman2006 said: No, in sour grapes to sell to you lot. This time next year he'l be a millionaire. Perhaps he all ready is Quote Link to comment Share on other sites More sharing options...
johnno4 Posted October 12, 2018 Report Share Posted October 12, 2018 Abu Dhabi !! Ragheads and Scalextric sounds like a punishment to me. 1 Quote Link to comment Share on other sites More sharing options...
LisaColette Posted October 12, 2018 Report Share Posted October 12, 2018 2 minutes ago, johnno4 said: Abu Dhabi !! Ragheads and Scalextric sounds like a punishment to me. They are going to the concert/entertainment stuff after as well. All on Hancock's podcast Quote Link to comment Share on other sites More sharing options...
ray c Posted October 12, 2018 Report Share Posted October 12, 2018 1 minute ago, lisa-colette said: They are going to the concert/entertainment stuff after as well. All on Hancock's podcast I wonder when the poole faithful will get to see the riders and trophy in which they won ? Quote Link to comment Share on other sites More sharing options...
LisaColette Posted October 12, 2018 Report Share Posted October 12, 2018 9 minutes ago, ray c said: I wonder when the poole faithful will get to see the riders and trophy in which they won ? It was briefly mentioned about a night at the stadium, but not sure when. Quote Link to comment Share on other sites More sharing options...
Starman2006 Posted October 12, 2018 Report Share Posted October 12, 2018 19 minutes ago, johnno4 said: Abu Dhabi !! Ragheads and Scalextric sounds like a punishment to me. I'd settle for that punishment any day.. Quote Link to comment Share on other sites More sharing options...
iwright71 Posted October 12, 2018 Report Share Posted October 12, 2018 Speedway clubs are diminishing in value , hence Matt Ford wanting to sell Poole before its worth nothing. Quote Link to comment Share on other sites More sharing options...
SpeedyOne Posted October 12, 2018 Report Share Posted October 12, 2018 2 hours ago, woofers said: Shown under Current Assets as Stocks. No they're not. Current assets are things which are either cash or will be quickly turned into cash. e.g. Debtors, Stocks and WIP, Bank accounts, short term loans, and cash in hand. If anyone were to list riders contracts as assets, they would be listed as Fixed assets and amortised over their expected useful life... but why would anyone do this when they can write the whole lot off to P&L at the time of purchase? Quote Link to comment Share on other sites More sharing options...
MattK Posted October 12, 2018 Report Share Posted October 12, 2018 No one buying a club would look at the balance sheets assets as an indication of value. The only meanful way to value a club is to look at the last five years profit/loss, work out the average loss iver that period and then decide how much you are prepared to bankroll the club from your own pocket. 1 Quote Link to comment Share on other sites More sharing options...
SteveLyric2 Posted October 12, 2018 Report Share Posted October 12, 2018 2 hours ago, lisa-colette said: The Poole riders are the jammy ones getting to go to the Abu Dhabi F1 GP!! Yes certain club sponsors structured their 'deal' so that maximum money only became available if the team won !! Quote Link to comment Share on other sites More sharing options...
LisaColette Posted October 12, 2018 Report Share Posted October 12, 2018 11 minutes ago, Skidder1 said: Yes certain club sponsors structured their 'deal' so that maximum money only became available if the team won !! No wonder they were so determined then! Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted October 12, 2018 Report Share Posted October 12, 2018 24 minutes ago, MattK said: No one buying a club would look at the balance sheets assets as an indication of value. The only meanful way to value a club is to look at the last five years profit/loss, work out the average loss iver that period and then decide how much you are prepared to bankroll the club from your own pocket. Bearing in mind that if a certain promotor came in most of the riders would not ride for him and go to another club or abroad. Quote Link to comment Share on other sites More sharing options...
Argos Posted October 12, 2018 Author Report Share Posted October 12, 2018 So if a Club came on the Market (like Poole) how on earth would you value it? Quote Link to comment Share on other sites More sharing options...
A ORLOV Posted October 12, 2018 Report Share Posted October 12, 2018 (edited) 12 minutes ago, Argos said: So if a Club came on the Market (like Poole) how on earth would you value it? The value of the fixed assets, a calculation of X years profits and goodwill less any liabilities. Goodwill can include anything but is only what the buyer is prepared to pay for. Edited October 12, 2018 by A ORLOV Quote Link to comment Share on other sites More sharing options...
Aviator Posted October 12, 2018 Report Share Posted October 12, 2018 52 minutes ago, MattK said: No one buying a club would look at the balance sheets assets as an indication of value. The only meanful way to value a club is to look at the last five years profit/loss, work out the average loss iver that period and then decide how much you are prepared to bankroll the club from your own pocket. There’s only one way to become a millionaire as a speedway club owner, and that’s to start off as a multi millionaire!!!! 2 Quote Link to comment Share on other sites More sharing options...
LisaColette Posted October 12, 2018 Report Share Posted October 12, 2018 5 minutes ago, Aviator said: There’s only one way to become a millionaire as a speedway club owner, and that’s to start off as a multi millionaire!!!! Plenty of them in Sandbanks 1 Quote Link to comment Share on other sites More sharing options...
MattK Posted October 12, 2018 Report Share Posted October 12, 2018 1 hour ago, Argos said: So if a Club came on the Market (like Poole) how on earth would you value it? It is worth whatever someone is prepared to pay for it. Given that I find it hard to believe there is a club in British speedway which hasn't made a loss over the last five years, the value of every club is zero. You are effectively buying an expensive hobby. 5 Quote Link to comment Share on other sites More sharing options...
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