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Newcastle now closed !!!


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6 minutes ago, proud panther said:

Really gutted for Newcastle fans, & to be fair to Rob Grant, he put his money into the club to save it for a couple of years.

He has only had 18 home meetings in them near couple of years( including a double header), 2 of them were opening meetings of a season so the crowd was “ healthy”, 4 of them were against local rivals Redcar, so the crowd was “healthy “  , 3 or 4 of them meetings he had the begging bowl out, so fans helped him out He allegedly had major sponsors this season and he has hardly had to pay out any points money over the last season and a half and his burger vans have been taking money aswell 

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11 minutes ago, KEITH M said:

He has only had 18 home meetings in them near couple of years( including a double header), 2 of them were opening meetings of a season so the crowd was “ healthy”, 4 of them were against local rivals Redcar, so the crowd was “healthy “  , 3 or 4 of them meetings he had the begging bowl out, so fans helped him out He allegedly had major sponsors this season and he has hardly had to pay out any points money over the last season and a half and his burger vans have been taking money aswell 

He still must have lost money ?

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29 minutes ago, KEITH M said:

He has only had 18 home meetings in them near couple of years( including a double header), 2 of them were opening meetings of a season so the crowd was “ healthy”, 4 of them were against local rivals Redcar, so the crowd was “healthy “  , 3 or 4 of them meetings he had the begging bowl out, so fans helped him out He allegedly had major sponsors this season and he has hardly had to pay out any points money over the last season and a half and his burger vans have been taking money aswell 

 

17 minutes ago, proud panther said:

He still must have lost money ?

Wasn't the burger van subsidising the speedway last season?

Also a few new/old bits of machinery for track work, new pits (which probably came off the back of a lorry ;)),,, maybe amounted to a fare cost.

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5 minutes ago, ruffdiamond said:

 

Wasn't the burger van subsidising the speedway last season?

Also a few new/old bits of machinery for track work, new pits (which probably came off the back of a lorry ;)),,, maybe amounted to a fare cost.

I had burger trailers for 10 years, & they wouldn't earn enough to subsidise a speedway business, trust me. Surely he had to give a bond to the BSPL before he could start trading ? Think this figure is £50k, sure THJ can correct me if I'm wrong. Rob will have lost money in my opinion.

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8 minutes ago, proud panther said:

I had burger trailers for 10 years, & they wouldn't earn enough to subsidise a speedway business, trust me. Surely he had to give a bond to the BSPL before he could start trading ? Think this figure is £50k, sure THJ can correct me if I'm wrong. Rob will have lost money in my opinion.

Maybe your burgers weren't too good ;)

No, am sure a heard that money from the burger van was being put back into the club, could be wrong tho. But agree that money must have been lost.

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12 hours ago, penchev said:

Have to agree and the turbo twins at Poole were paid handsomely during the early days of sky tv 

It was 2 Yanks that fought to take more money out of the windfall TV deal and the rest followed.

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12 hours ago, robbieblackadder fan club said:

What about the likes of Dave tinning who has put up his hard earned cash you would suspect and a couple of main team sponsors where has all of their funds gone and the reputed 50k investment at the start of the season…..where has that gone 

Did Dave and Steve put money into the promotion or were they just appointed Promoters to allow Rob to take a step back ? 

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16 minutes ago, Tsunami said:

It was 2 Yanks that fought to take more money out of the windfall TV deal and the rest followed.

Is that rhyming slang?

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1 hour ago, proud panther said:

I had burger trailers for 10 years, & they wouldn't earn enough to subsidise a speedway business, trust me. Surely he had to give a bond to the BSPL before he could start trading ? Think this figure is £50k, sure THJ can correct me if I'm wrong. Rob will have lost money in my opinion.

The burgers were value for money u could still taste them 3 days later !

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He's probably a very good businessman outside Speedway, but his choice of number 1 and the reserves really does question his judgement, when it comes to Speedway, all he had to do was assemble a Team that could finish mid table, and win the majority at home, shouldn't have been that hard, as Newcastle always has had a massive home advantage, they have a good, loyal fan base, who would have supported a half decent Team.

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The late call off didn’t just cost Newcastle it cost Plymouth as well programmes all printed now useless, food ordered now can’t be used ie pasties and the like paramedics private company used I believe they would need paying so how much has our promoter lost out he’s maintained a dignified silence but if it was me I’d be raging.

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59 minutes ago, Mike0310 said:

The late call off didn’t just cost Newcastle it cost Plymouth as well programmes all printed now useless, food ordered now can’t be used ie pasties and the like paramedics private company used I believe they would need paying so how much has our promoter lost out he’s maintained a dignified silence but if it was me I’d be raging.

Pasties could be frozen if cooked.Defrost and re use

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1 hour ago, Mike0310 said:

The late call off didn’t just cost Newcastle it cost Plymouth as well programmes all printed now useless, food ordered now can’t be used ie pasties and the like paramedics private company used I believe they would need paying so how much has our promoter lost out he’s maintained a dignified silence but if it was me I’d be raging.

I would imagine this would be a legitimate claim against the BSPL bond. Certainly should be.

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1 hour ago, Wee Eck said:

The turbo twins weren’t racing in the early days of Sky tv. They only started riding together in 2010

Magic and Hancock sky days ? How do you think poole afforded all the top riders back then ? 

Edited by penchev
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For information to Winditon saying that Brough Park is no longer fit for modern speedway bikes then how does

he explain that Wolverhampton's Monmore Green Stadium was a straight copy of Brough Park and had exactly the

same size track installed for speedway way back in the late 1920's.

It has been altered to take the modern bikes and from what I've seen of matches on BT sport, the racing is typical

of all the racing though out the sport and is certainly not what I would pay good money to watch.

I also observed the match at the Ipswich track and I noticed the lack of crowds and probably only survives from

the television sponsorship money, also Seaton Burn has been mooted as a possiblity to build a new track but yes it

is easier to get to off the A1 but how do you get there using public transport if you don't have a car and would it have

to be called the Seaton Diamonds because like Redcar they will no longer within the Newcastle City boundaries.

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6 hours ago, proud panther said:

I had burger trailers for 10 years, & they wouldn't earn enough to subsidise a speedway business, trust me. Surely he had to give a bond to the BSPL before he could start trading ? Think this figure is £50k, sure THJ can correct me if I'm wrong. Rob will have lost money in my opinion.

Honestly 

The real answer is I don't know for sure as I was under the impression that he/the club was bound under the old Bond remit of £15k not the new one you have quoted above; however and I don't know how true this is; I was told that he was losing around £5k over a pair of meetings home and away, So if that figure is correct that means he was still going to lose another £42.5k approximately to the end of the season with the 11 league matches he had left and then there was the 3 + 3 summer trophy meetings to do; so 17 meetings in total.

Therefore if the Bond was £50k he has in effect lost another  £7.5k by folding the club now and not completing the meetings; because he could have got his Bond back at the end of the season if he pulled out then... but if my guess is correct and he only has a £15k Bond to lose that means he actually saves around £27.5k by not running the meetings... makes perfect sense to do what he has done to be fair.... although finding another £30/40k in the grand scheme of things to run to the end of the season and not be branded "JER the Mug" could and would have been found if he had reached out AGAIN... after all... he wasn't shy last season was he?

However @KEITH M has made some very valid and salient points which I wont go over "per se" but the questions he puts forward are "where has all the cash gone"? as described  by Keith... the big sponsorship deal boasted about; the big meetings that drew in bumper crowds last season (Birmingham over £22k admission alone before food and special deals upstairs were factored in)... makes you wonder because the fans done their part for sure... makes me wonder anyway...

I put the link up below a few months back and not one of the "Gob Chites" the "Bar Room Accountants" who tried to defend the previous showers total disregard of the VAT laws by stating "as fact" every possible scenario they could to defend the indefensible... has had any comment on the "01 Jul 2021 Micro company accounts made up to 30 November 2020" entry; not one of them... which make fantastic reading by the way; and I for one can't wait to see what comes out on the 01 Jul 2022; Micro company accounts made up to the 30 November 2021; not long now... and then of course the 01 Jul 2023 Micro company accounts made up to 30 November 2022.... what a bed time read they will make...

https://find-and-update.company-information.service.gov.uk/company/12324842/filing-history

It was all over when he picked the team he did... he wanted to bring his old BFF Stoke pal back (which he tried to do the first year and was told it would be a disaster) because he had a low average and would be a steal and 10 year ago had an average over 7... so what; and again James Wright had a long time out and he hasn't set the world on fire since coming back and it also took him a while to settle in... JER couldn't negotiate a deal if his life depended on it... Even the "die hard" diamonds gave him a chance (and the fans have been superb by the way) however after watching the team in the Stoke challenge match they knew it would be a long hard season... JER must have flipped a couple of burgers over his eyes because everyone knew and could see what was happening but that clown...

Since coming back in 2009 I have pumped over £110k into the spot in sponsorship which to be fair isn't a great deal in the overall scheme of things but its a hefty enough investment not to feel devastated at the position we now find ourselves at... and I thought by not attending this season that I wouldn't feel to bad if the club did go "Pop" but to be Totally Honest; "I am absolutely gutted" that it has ended up like this after all the "Billy Big Balls" talk of how easy it was going to be to run a Speedway Team and then to just pull the plug and walk away...

To all the Diamonds fans I am really sorry that we are in this situation because you have tried and you have supported some pretty useless individuals over recent times and I feel sorry for Dave Tinning who is on holiday at the moment and totally blameless in this fiasco... I hope this hasn't ruined your break too much buddy... lets see what next year brings because JER states he is pulling out now to give someone else the opportunity next year... I will save my thoughts on the reasoning behind that  "little Gem" for a future post... 

Regards
John

Oh and as a footnote to @proud panther  Buddy if you had  burger trailers for 10 years, and they wouldn't earn you enough to subsidise a Speedway business, your sellers were stealing off you marra; because if you run 10 burger vans properly you could subsidise the national debt never mind a Speedway team... trust me... THJ :cheers:

Edited by TotallyHonestJohn
Missed out word
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