lewy Posted August 5, 2021 Report Share Posted August 5, 2021 1 minute ago, iainb said: or £300k in the bank Clueless 1 Quote Link to comment Share on other sites More sharing options...
IainB Posted August 5, 2021 Report Share Posted August 5, 2021 1 minute ago, lewy said: Clueless If you think that all coronavirus loans are going to be paid back by the companies that have taken them you really need a reality check Quote Link to comment Share on other sites More sharing options...
Fortythirtyeight Posted August 5, 2021 Report Share Posted August 5, 2021 16 minutes ago, Marshall07 said: Lose your rider base (which you have to have) lose your bond (to the tune of £50k) lose your voting rights and probably your rights to be a promoter as you would be regarded as ‘ not fit and proper ‘. 1 1 Quote Link to comment Share on other sites More sharing options...
lewy Posted August 5, 2021 Report Share Posted August 5, 2021 1 minute ago, iainb said: If you think that all coronavirus loans are going to be paid back by the companies that have taken them you really need a reality check That's not the point in question. Clueless. 2 Quote Link to comment Share on other sites More sharing options...
IainB Posted August 5, 2021 Report Share Posted August 5, 2021 (edited) 10 minutes ago, lewy said: That's not the point in question. Clueless. Well, if you'd elaborate on your one word answers maybe we'd all have a clue as to what the hell you're going on about. So in that respect I guess I am clueless yes Edited August 5, 2021 by iainb Quote Link to comment Share on other sites More sharing options...
TotallyHonestJohn Posted August 5, 2021 Report Share Posted August 5, 2021 (edited) 2 hours ago, Marshall07 said: According to some there's been no negligence by the promotion but as you say, don't run two teams when you can't afford to even run one! But how were they to know that they don't have a crystal ball... he had the money until the VAT carry on broke... and it was a case of let's try and offer something different but it backfired so dammed if he did and dammed if he didn't and the galling thing is he had put together quite a good NDL team... which brings up the next point... 2 hours ago, Fromafar said: Should have ran in the NDL given the circumstances ,decent fans would have supported it in the hope they could move up again if viable in a couple of seasons.Plymouth seem to have done ok with that scenario.Berwick also done it in the 90/s The costs of putting on a meeting at Brough are quite cost prohibitive.... how many of that hard core support would have remained faithful to the club and a stand alone NDL team... when you seen the numbers that stopped back for the NDL meetings it would not have been enough to cover the rent let alone pay everything else like riders wages... so either way the business haemorrhages money... I accept the premise of what you are saying but it always comes back to the risk and at the end of the day it isn't your or my money at risk it's Rob Grant... Also fans would expect to pay a lesser admission fee as they perceive they are seeing a lesser product... so ergo you would need more through the turnstiles... To pay for the running costs before you pay a rider you would need a minimum of 250 through the doors at say 10 quid entry and that's before you pay any riders wages... it's back to the streaming arguement again the outlay isn't or can't guarantee the required return... so ultimately is the risk worth it... Regards THJ Edited August 5, 2021 by TotallyHonestJohn Spelling 1 Quote Link to comment Share on other sites More sharing options...
lewy Posted August 5, 2021 Report Share Posted August 5, 2021 1 hour ago, iainb said: Well, if you'd elaborate on your one word answers maybe we'd all have a clue as to what the hell you're going on about. So in that respect I guess I am clueless yes One word will suffice I could stretch to 2 in your case and add totally to the mix 1 Quote Link to comment Share on other sites More sharing options...
IainB Posted August 5, 2021 Report Share Posted August 5, 2021 6 minutes ago, lewy said: One word will suffice I could stretch to 2 in your case and add totally to the mix A bit hostile... not quite sure why, but if it butters your parsnips... 1 Quote Link to comment Share on other sites More sharing options...
Diamondboy Posted August 5, 2021 Report Share Posted August 5, 2021 3 hours ago, iainb said: I don't know why most clubs haven't jumped at the chance of a government loan and then just declare bankruptcy when the time comes to pay it back... there will be thousands of companies up and down the country doing just that! And get jail for an obvious fraud. Ffs. Quote Link to comment Share on other sites More sharing options...
IainB Posted August 5, 2021 Report Share Posted August 5, 2021 (edited) 17 minutes ago, Diamondboy said: And get jail for an obvious fraud. Ffs. Not really fraud if you've taken a loan and are unable to pay it back because your business isn't viable. It's what the banks write off as bad debt It's called playing the system Edited August 5, 2021 by iainb Quote Link to comment Share on other sites More sharing options...
mikebv Posted August 5, 2021 Report Share Posted August 5, 2021 Havent the BSPL got a load of Speedway bikes they could flog that they bought a couple of years ago?... Quote Link to comment Share on other sites More sharing options...
Diamondboy Posted August 5, 2021 Report Share Posted August 5, 2021 (edited) 19 minutes ago, iainb said: Not really fraud if you've taken a loan and are unable to pay it back because your business isn't viable. It's what the banks write off as bad debt It's called playing the system You obviously haven’t got a clue have you? You should be a speedway promoter. Edited August 5, 2021 by Diamondboy 1 1 Quote Link to comment Share on other sites More sharing options...
jenga Posted August 5, 2021 Report Share Posted August 5, 2021 11 minutes ago, mikebv said: Havent the BSPL got a load of Speedway bikes they could flog that they bought a couple of years ago?... who on earth is going to buy a speedway bike now ? not many tracks are going to be open to have a spin on . i was not in the loop about Newcastle and Birmingham being in trouble .. as was mentioned before , its a £10 sport all day long . if riders want to make a killing while doing the sport . go and ride in another Country that can afford your demands . Quote Link to comment Share on other sites More sharing options...
Terrace Grumbler Posted August 5, 2021 Report Share Posted August 5, 2021 (edited) 7 hours ago, Marshall07 said: Should these clubs be given a deadline to decide whether they're continuing the full season or not? Whilst I feel sorry for both clubs being in the position they are, every meeting the run with this hanging over their heads is also costing the away team for a fixture that may just be cancelled. That, along with the looking transfer deadline day, close after 31st and the riders have lost any chance of earning wages for other clubs I'm not quite sure what you're saying here but the second and third paragraphs make me think that for the good of the sport (as you see it, perhaps) those in trouble should be put to sleep now. I'm also not sure where your "Marshall07" name comes from but assume it's the year of your birth... although I know 14 year olds who get the point more than you seem to be able to manage, however old you are. It's like this: generally putting a licence on ice is euthanasia. Withdrawal from a league before the end of a season is usually fatal. You airily talk about deadlines... once clubs go they often don't come back. Give your head a shake. Edited August 5, 2021 by Terrace Grumbler Spelling - again 4 Quote Link to comment Share on other sites More sharing options...
IainB Posted August 5, 2021 Report Share Posted August 5, 2021 29 minutes ago, Diamondboy said: You obviously haven’t got a clue have you? You should be a speedway promoter. Yes all these speedway promoters are fine upstanding members of the business community. Why as a failing business would you not take £300k of government money? Many thousands of businesses have with no intention of paying it back. In fact it may be a blessing in disguise if clubs and the sport as a whole is run by administrators! Quote Link to comment Share on other sites More sharing options...
proud panther Posted August 5, 2021 Report Share Posted August 5, 2021 18 minutes ago, iainb said: Yes all these speedway promoters are fine upstanding members of the business community. Why as a failing business would you not take £300k of government money? Many thousands of businesses have with no intention of paying it back. In fact it may be a blessing in disguise if clubs and the sport as a whole is run by administrators! Where have you got £300k from ? 1 Quote Link to comment Share on other sites More sharing options...
IainB Posted August 5, 2021 Report Share Posted August 5, 2021 3 minutes ago, proud panther said: Where have you got £300k from ? https://www.speedwaygp.com/news/article/8872/covid-loans-offered-to-english Quote Link to comment Share on other sites More sharing options...
TotallyHonestJohn Posted August 5, 2021 Report Share Posted August 5, 2021 (edited) 1 hour ago, iainb said: https://www.speedwaygp.com/news/article/8872/covid-loans-offered-to-english These are loans that have to be paid back... why would anyone in Speedway take a one on... they would never make the money to pay it back... Borrow money to put on Speedway where there is a risk that Covid has killed off half your audience so even less chance of paying it back... Promoters are blowing their brains our now do you want them in a noose as well just in case they miss... It works for a small builder or the like because they continue to earn once the restrictions are lifted so can pay back the loan... where do these promoters get the cash from... Regards THJ Edited August 5, 2021 by TotallyHonestJohn Spelling 2 Quote Link to comment Share on other sites More sharing options...
MartinBSN Posted August 5, 2021 Author Report Share Posted August 5, 2021 50 minutes ago, Terrace Grumbler said: I'm not quite sure what you're saying here but the second and third paragraphs make me think that for the good of the sport (as you see it, perhaps) those in trouble should be put to sleep now. I'm also not sure where your "Marshall07" name comes from but assume it's the year of your birth... although I know 14 year olds who get the point more than you seem to be able to manage, however old you are. It's like this: generally putting a licence on ice is euthanasia. Withdrawal from a league before the end of a season is usually fatal. You airily talk about deadlines... once clubs go they often don't come back. Give your head a shake. Interesting that you went with an insult after I simply raised a question to spark debate which I assumed is what this forum is for...? I fully understand closing a club during the season is disastrous. I'm asking what people's opinions are of the time scale to call it quits. Riders turning up each week with no idea if their job will still be there the next, away teams spending money on wages (that they could probably do without) on someone else's attempt to save a failing business. No need to try insult me, regardless of my age (I am much older than 14 but it wouldn't matter if I wasn't!). 3 Quote Link to comment Share on other sites More sharing options...
IainB Posted August 5, 2021 Report Share Posted August 5, 2021 4 minutes ago, TotallyHonestJohn said: These are loans that have to be paid back... why would anyone in Speedway take a one on... they would never make the money to pay it back... Borrow money to put on Speedway where there is a risk that Covid has killed off half your audience so even less chance of paying it back... Promoters are blowing their brains our now do you want the in a noose as well just in case they miss... It works for a small builder or the like because they continue to earn once the restrictions are lifted so can pay back the loan... where do these promoters get the cash from... Regards THJ What else are they gong to do? They don't seem to be able to promote their way out of the situation or organise their way out of the situation. Maybe the way out of the situation is to take the money, run until bankrupt and then let administrators restructure the sport to make it viable. It's crazy I'm even suggesting it, I know, but what else is the sport gong to do? Remove the green helmet colour? Reintroduce the 6 point tac sub rule? Stop riders getting off their bikes at the starting line... etc. etc. It'll never happen if course, I know it won't, there's not the collective spirit to play the system Quote Link to comment Share on other sites More sharing options...
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