Eastbourne Speedway

[SPEEDY69]

11 minutes ago, Sings4Speedway said:

Probably not an unrealistic figure but Lawson will be including engine wear and tear, clutch parts and then the cost of the 2/3 bikes he was running spread over the season. Thers a hefty amount of start up costs involved (rightly or wrongly).

Agree with the last bit in brackets.  Spending lots of money on all new stuff every year is completely unnecessary.  A new van every year is also unnecessary.  There are so many costs to clubs and riders that can be cut.  A 10mm bolt will last for years but many will have all new every year because they're shinier - totally unnecessary.  Four helmets a meeting in each colour, totally unnecessary - did anyone see how many Emil S had accumulated?

[Jimsboy]

4 hours ago, IronScorpion said:

R Weston. He knew everything involved these last few years & defended them to the hilt, even the website with no fixtures & old averages. It seemed that only the news items were updated.

I said same about Richard Weston a few weeks back and MD told me he was just media guy. But he always backed Jordan etc. He vanished from BSF too?

 

 

[M.D]

1 hour ago, Jimsboy said:

I said same about Richard Weston a few weeks back and MD told me he was just media guy. But he always backed Jordan etc. He vanished from BSF too?

 

 

To be fair, we all backed Jordan..

I thought he was the man who was taking the club forward and I liked what he was doing

Trouble was, only he knew what a mess the club was in for whatever reason and it just fell apart like a pack of cards taking a lot of good people by suprise.

[Jimsboy]

11 hours ago, M.D said:

To be fair, we all backed Jordan..

I thought he was the man who was taking the club forward and I liked what he was doing

Trouble was, only he knew what a mess the club was in for whatever reason and it just fell apart like a pack of cards taking a lot of good people by suprise.

Yes. But surely everyone can now back each other and get to the bottom what he has done with all the money?

[MartinBSN]

17 hours ago, SPEEDY69 said:

Agree with the last bit in brackets.  Spending lots of money on all new stuff every year is completely unnecessary.  A new van every year is also unnecessary.  There are so many costs to clubs and riders that can be cut.  A 10mm bolt will last for years but many will have all new every year because they're shinier - totally unnecessary.  Four helmets a meeting in each colour, totally unnecessary - did anyone see how many Emil S had accumulated?

Vans are usually leased due to high mileage, hence new every year as it costs the same. Not many riders in UK even use the 2 helmets a meeting they'd need.

Emil's would all be sponsored.

[ruckerroo]

1 hour ago, Jimsboy said:

Yes. But surely everyone can now back each other and get to the bottom what he has done with all the money?

Eveey person i have ever known thats run a tipping line has been vermin, even i was sucked in tho, i thought , like md that he was the bloke to take the club forward, a confidence trickster would be a fair summary of what he has done .

[cityrebel]

On 11/26/2021 at 7:34 PM, M.D said:

To be fair, we all backed Jordan..

I thought he was the man who was taking the club forward and I liked what he was doing

Trouble was, only he knew what a mess the club was in for whatever reason and it just fell apart like a pack of cards taking a lot of good people by suprise.

I never backed him, he talked a good game. I knew from the Edinburgh meeting that the sums didn't add up. The crowd on a lovely summers evening was 200 down on the previous 2 meetings. It was downhill from then on.

[Jimsboy]

11 hours ago, cityrebel said:

I never backed him, he talked a good game. I knew from the Edinburgh meeting that the sums didn't add up. The crowd on a lovely summers evening was 200 down on the previous 2 meetings. It was downhill from then on.

Well it appears nothing is going to be done or able to be done about Jordan which is totally wrong.

We now going to have to back the new management team if we want speedway at Eastbourne to return.

 

[old bob at herne bay]

With all these riders allegedly owed money by the company running Speedway at Arlington in 2021, they surely have reason  to seek legal advice to attempt to recover the monies allegedly owed. 

Or is it the case that none of these riders have anything that will stand up in court to prove that they are owed money ? The Douglas/Cook promotion at Lakeside and recently the Jordan/ Cook/ Fineing promotion at Eastbourne must be held to account.

 

 

[PotteringAround]

7 minutes ago, old bob at herne bay said:

With all these riders allegedly owed money by the company running Speedway at Arlington in 2021, they surely have reason  to seek legal advice to attempt to recover the monies allegedly owed.

Recover the money from whom?

The company is bust.  The BSPA seize the riding assets and try to sell them (e.g. Tom Brennan to Glasgow), and an administrator will wind up any physical assets, but that's not much money to be realised, and a hell of a lot of creditors looking for a share of it.

 

[arnieg]

23 minutes ago, PotteringAround said:

Recover the money from whom?

The company is bust.  The BSPA seize the riding assets and try to sell them (e.g. Tom Brennan to Glasgow), and an administrator will wind up any physical assets, but that's not much money to be realised, and a hell of a lot of creditors looking for a share of it.

 

And preferential/secured creditors will be in front of the queue. Notably HMRC.

[lbw]

1 hour ago, old bob at herne bay said:

With all these riders allegedly owed money by the company running Speedway at Arlington in 2021, they surely have reason  to seek legal advice to attempt to recover the monies allegedly owed. 

Or is it the case that none of these riders have anything that will stand up in court to prove that they are owed money ? The Douglas/Cook promotion at Lakeside and recently the Jordan/ Cook/ Fineing promotion at Eastbourne must be held to account.

 

 

Probably cost them more to take out a legal case than wot they are owed.

We've had the odd shady character or 2 at Long Eaton but av also had the best in the business run the club.  The club was always well supported though with  crowds in excess of 1000 per meeting so thankfully I don't think anyone was owed money.

Surely the BSPL shud now do more to vet individuals/companies to make sure that they av a certain amount of assets (cash/property) which can be used to pay riders etc should circumstances dictate the need to do so.

Hope all works out at Eastbourne and someone comes in to run the club who as a conscience.

 

Edited November 29, 2021 by PirateShip

[Jaizer]

43 minutes ago, arnieg said:

And preferential/secured creditors will be in front of the queue. Notably HMRC.

If company is dissolved all assets will be transferred to the crown automatically

[gazzac]

16 minutes ago, PirateShip said:

 

Hope all works out at Eastbourne and someone comes in to run the club who as a conscience.

 

That's what grates so much, we've always been a club with a conscience, and a speedway heritage, always known for prompt payment of riders etc. Going to need some good PR, but does look positive from the noises coming from the new set up. 

[PotteringAround]

30 minutes ago, Jaizer said:

If company is dissolved all assets will be transferred to the crown automatically

Erm, no.

Like we've already said, when the company goes into administration and  the administrator collects any money owed to the company, and sells off any company assets, on behalf of the creditors.  Any money raised gets distributed to secured/preferential creditors first, and then unsecured creditors.      The BSPL seize any speedway assets and try to sell them, with any money realised going to pay the speedway creditors.

 

Edited November 29, 2021 by PotteringAround

[M.D]

24 minutes ago, Jaizer said:

If company is dissolved all assets will be transferred to the crown automatically

The previous company is still active but all assets and bonds have reverted back to the BSPL, we've been trying to find out the name of the administers with no luck of yet

18 minutes ago, gazzac said:

That's what grates so much, we've always been a club with a conscience, and a speedway heritage, always known for prompt payment of riders etc. Going to need some good PR, but does look positive from the noises coming from the new set up. 

Indeed it does, the good name of the club has been dragged through the mud but we are determined to get it back for 2023.

Regards

Mark Horsman

[Jaizer]

Just now, M.D said:

The previous company is still active but all assets and bonds have reverted back to the BSPL, we've been trying to find out the name of the administers with no luck of yet

Indeed it does, the good name of the club has been dragged through the mud but we are determined to get it back for 2023.

Regards

Mark Horsman

Suspect why not been dissolved then, creditors may be blocking it. 

Really sad Eastbourne got this way, always came across as such professional well run club. Hopefully 2023 brings a new dawn

[M.D]

1 minute ago, Jaizer said:

Suspect why not been dissolved then, creditors may be blocking it. 

Really sad Eastbourne got this way, always came across as such professional well run club. Hopefully 2023 brings a new dawn

I don't think its that no, 

[Lord Skid]

The Riders will get their basic money paid by the BSPL, the 'extras' won't get paid, it's happened so many times before,  bigger fool the Riders for letting it carry on so long.

[Jimsboy]

3 hours ago, PotteringAround said:

Recover the money from whom?

The company is bust.  The BSPA seize the riding assets and try to sell them (e.g. Tom Brennan to Glasgow), and an administrator will wind up any physical assets, but that's not much money to be realised, and a hell of a lot of creditors looking for a share of it.

 

Is the company bust though? No one other than Mr Jordan knows how much money their is/was and where it all is now.

Administrators know one has been given a name for an appointed administrator. So as it stands Mr Jordan is just left to vanish with loads outstanding bills etc.