DC2 Posted November 2, 2019 Author Report Share Posted November 2, 2019 On 11/2/2019 at 5:31 PM, Skidder1 said: Depends whether you would want to run Premiership or Championship? Expand Really? Any buyer should say they want to run in the NL then, to get the cheapest price! In terms of valuation, I’d guess there might be: a premium to pay for the remaining years of any lease of the stadium, although that would be minimal unless there is a clear more lucrative use, the value of any equipment, a sum for the rider assets, calculated against their likely loan fees or cost to acquire a similar rider, a sum for the “goodwill” (the fan base that Poole have built up), calculated as a percentage of the average attendance for the last three years or as a multiple of the average profit for the last three years (and I would not want to pay more than one times the average profit if it is falling). Quote Link to comment Share on other sites More sharing options...
Steve0 Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 5:31 PM, Skidder1 said: Depends whether you would want to run Premiership or Championship? Expand Eh? If you are buying a club - you buy a club. What difference does it make what league you want to run in? Quote Link to comment Share on other sites More sharing options...
ray c Posted November 2, 2019 Report Share Posted November 2, 2019 I find it quite sad when you see all the clubs having end of season events and our club don't have anything not even a rider of the year award .just shows how the interest has faded over the last couple of years 2 Quote Link to comment Share on other sites More sharing options...
Steve0 Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 6:15 PM, ray c said: I find it quite sad when you see all the clubs having end of season events and our club don't have anything not even a rider of the year award .just shows how the interest has faded over the last couple of years Expand No champagne, fireworks or hot showers either. Not like it’s the first time either. 1 2 Quote Link to comment Share on other sites More sharing options...
Bald Bloke Posted November 2, 2019 Report Share Posted November 2, 2019 (edited) On 11/2/2019 at 6:15 PM, ray c said: I find it quite sad when you see all the clubs having end of season events and our club don't have anything not even a rider of the year award .just shows how the interest has faded over the last couple of years Expand Maybe he had a poll Would of cost next to nothing as well Edited November 2, 2019 by Bald Bloke Quote Link to comment Share on other sites More sharing options...
foreverblue Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 4:22 PM, Skidder1 said: Hasn't worked??? It hasn't happened yet. That's the plan for 2020!! Expand He left the day to day with Danny last year didn't he, which it seems didn't work out so well financially. Quote Link to comment Share on other sites More sharing options...
daz9100 Posted November 2, 2019 Report Share Posted November 2, 2019 (edited) I heard that we also made a loss the year before too. Hence why another year of losses would have seen us close down. Edited November 2, 2019 by daz9100 Quote Link to comment Share on other sites More sharing options...
SteveLyric2 Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 7:56 PM, foreverblue said: He left the day to day with Danny last year didn't he, which it seems didn't work out so well financially. Expand No he didn't. Quote Link to comment Share on other sites More sharing options...
SteveLyric2 Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 8:17 PM, daz9100 said: I heard that we also made a loss the year before too. Hence why another year of losses would have seen us close down. Expand The only year they made a loss was this year! Every one of the other 20 years the club has at the very least broken even. Quote Link to comment Share on other sites More sharing options...
foreverblue Posted November 2, 2019 Report Share Posted November 2, 2019 (edited) On 11/2/2019 at 8:40 PM, Skidder1 said: No he didn't. Expand Ok i thought MF spent a lot of time abroad last season and left Danny in charge. Edited November 2, 2019 by foreverblue Quote Link to comment Share on other sites More sharing options...
ray c Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 9:08 PM, foreverblue said: Ok i thought MF spent a lot of time abroad last season and left Danny in charge. Expand It was said matt flew in every thurs for the meetings 1 Quote Link to comment Share on other sites More sharing options...
Speedtiger Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 9:08 PM, foreverblue said: Ok i thought MF spent a lot of time abroad last season and left Danny in charge. Expand Not sure but I think MF bought a hotel somewhere abroad and maybe he needs the cash? So that’s why he wants out of speedway? He’s smart bloke and he can see Poole going down the tubes fast in Premier League and he think Danny can not cut it! Move to CL is a brave move or a desperate last ditch effort to shore up the club and sell it and get some money? Trouble is no one in there right minds will buy into a speedway club. But maybe there’s some idiots still out there! Time will tell.? Quote Link to comment Share on other sites More sharing options...
SteveEvans Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 6:15 PM, ray c said: I find it quite sad when you see all the clubs having end of season events and our club don't have anything not even a rider of the year award .just shows how the interest has faded over the last couple of years Expand It's been a profitable business for years as it's been Matt Fords main living as far as I recall. No reason it can't become so again. Or, if it loses money and you have other business interests you can use the losses for taxation advantages potentially. Quote Link to comment Share on other sites More sharing options...
ray c Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 11:10 PM, SteveEvans said: It's been a profitable business for years as it's been Matt Fords main living as far as I recall. No reason it can't become so again. Or, if it loses money and you have other business interests you can use the losses for taxation advantages potentially. Expand what have that got to do with end of seasons events Quote Link to comment Share on other sites More sharing options...
SteveEvans Posted November 2, 2019 Report Share Posted November 2, 2019 On 11/2/2019 at 11:32 PM, ray c said: what have that got to do with end of seasons events Expand Absolutely nothing lol! Looks like I responded to the wrong comment, I meant to respond to one asking why anyone would buy Poole Speedway! Haven't been on the forum in a while must be rusty! 1 Quote Link to comment Share on other sites More sharing options...
Trees Posted November 3, 2019 Report Share Posted November 3, 2019 On 11/2/2019 at 6:15 PM, ray c said: I find it quite sad when you see all the clubs having end of season events and our club don't have anything not even a rider of the year award .just shows how the interest has faded over the last couple of years Expand Why doesn't your Supporters Club run Rider of the Year comp, after all it's the fans who vote, it's a fan/rider thing .... 1 Quote Link to comment Share on other sites More sharing options...
foreverblue Posted November 3, 2019 Report Share Posted November 3, 2019 On 11/2/2019 at 9:43 PM, ray c said: It was said matt flew in every thurs for the meetings Expand That's what i thought so why is Skidder1 saying he didn't. It seems clear to me he left the day to day to Danny last season if MF was only here occasionally. Quote Link to comment Share on other sites More sharing options...
DC2 Posted November 3, 2019 Author Report Share Posted November 3, 2019 On 11/2/2019 at 11:10 PM, SteveEvans said: Or, if it loses money and you have other business interests you can use the losses for taxation advantages potentially. Expand Can you? Isn’t it the cases that losses can be discounted against profits only if they are from the same business? Quote Link to comment Share on other sites More sharing options...
SteveLyric2 Posted November 3, 2019 Report Share Posted November 3, 2019 (edited) On 11/3/2019 at 8:43 AM, foreverblue said: That's what i thought so why is Skidder1 saying he didn't. It seems clear to me he left the day to day to Danny last season if MF was only here occasionally. Expand Thursdays, Mondays, BSPA meetings. He only moved to France mid-season. They do have phones, the internet and social media in France as well!!! 2019 was a transition period for Danny to start to become the media face for Poole Speedway especially on meeting days even though MF was always there - bar one meeting. Matt was very much making the decisions, paying the bills and clearly having to deal with the fallout from the main sponsor situation. Edited November 3, 2019 by Skidder1 Quote Link to comment Share on other sites More sharing options...
foreverblue Posted November 3, 2019 Report Share Posted November 3, 2019 (edited) On 11/3/2019 at 10:26 AM, Skidder1 said: Thursdays, Mondays, BSPA meetings. He only moved to France mid-season. They do have phones, the internet and social media in France as well!!! 2019 was a transition period for Danny to start to become the media face for Poole Speedway especially on meeting days even though MF was always there - bar one meeting. Matt was very much making the decisions, paying the bills and clearly having to deal with the fallout from the main sponsor situation. Expand Ok fair enough thanks for that. I didn't say they didn't have phones etc and i thought wrongly that he was moving father away than France. I do think that Danny will struggle with the media spotlight which is probably another reason why the decision was taken to drop a league. That's my opinion not based on any facts or knowledge of how Poole Speedway works. As you say MF was still the main decision maker, with that in mind, he made some bad team decisions last season which is why i thought he had taken his eye of the ball. Edited November 3, 2019 by foreverblue 1 Quote Link to comment Share on other sites More sharing options...
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