chrismorton Posted October 11, 2023 Report Share Posted October 11, 2023 (edited) 32 minutes ago, SPEEDY69 said: I think it was Chapman who stepped in to save Peterborough a few years ago wasn't it? Can't see why he'd want to dig his heels in no matter what was offered to him, he was prepared to sell before but had no written offers - ' put your money where your mouth is' comes to mind. I agree though that this season it hasn't looked like he's been trying to extend or move elsewhere but I'm only on the very outskirts of this and have no knowledge of what's actually been going on. Offer a fair price and that should result in a sale (future value increase clause included or not). Not really..Ged's partner has already stated on here that they wouldn't have let us fold..and for me I hope Ged is involved in the take over as I liked the bloke and he loved the club...I think it was the BSPA mafia and their corruption that frustrated him and made him want to walk but I don't think he would have let us finish...he had more about him than the person who's led us up the garden path this season... Edited October 11, 2023 by chrismorton 2 Quote Link to comment Share on other sites More sharing options...
noaksey Posted October 11, 2023 Report Share Posted October 11, 2023 2 hours ago, arnieg said: Just put in a sell on clause. If a new stadium materialises then further payment is due to Buster. Common in land sales where if planning permission is subsequently obtained by the new owner some of that increase in value is returned to the old owner. This is correct, a deal now for the assets and rights to Peterborough speedway should be easy, negotiating an overage deal based on future happenings is much more difficult but certainly doable Quote Link to comment Share on other sites More sharing options...
RogerM22 Posted October 11, 2023 Report Share Posted October 11, 2023 15 minutes ago, Pinny said: I do wonder the logic behind that to be fair. It's a weird one. Was it actually Chapman paying for those riders? I did always wonder why Laguta, of all riders, went to Peterborough? It made zero difference to their season and he's not exactly the type to draw in huge crowds either. Quote Link to comment Share on other sites More sharing options...
Pinny Posted October 11, 2023 Report Share Posted October 11, 2023 13 minutes ago, RogerM22 said: I did always wonder why Laguta, of all riders, went to Peterborough? It made zero difference to their season and he's not exactly the type to draw in huge crowds either. He was pissing Lynn about as well so its hard to imagine Chapman to continue paying for his services at another club of his? It must of been financed from someone else. Quote Link to comment Share on other sites More sharing options...
Bald Bloke Posted October 11, 2023 Report Share Posted October 11, 2023 (edited) 28 minutes ago, Pinny said: He was pissing Lynn about as well so its hard to imagine Chapman to continue paying for his services at another club of his? It must of been financed from someone else. After Buster took over at Lynn, i do wonder if Laguta missing some Lynn meetings was a mutual thing? I know KC said the team was way over his budget when he took over, and no doubt would of re negotiated AL's contract that he had with Alex. With PB i don't know TBH. Crowds were a lot better there. Edited October 11, 2023 by Bald Bloke Quote Link to comment Share on other sites More sharing options...
NeilWatson Posted October 11, 2023 Report Share Posted October 11, 2023 1 hour ago, SPEEDY69 said: I think it was Chapman who stepped in to save Peterborough a few years ago wasn't it? Can't see why he'd want to dig his heels in no matter what was offered to him, he was prepared to sell before but had no written offers - ' put your money where your mouth is' comes to mind. I agree though that this season it hasn't looked like he's been trying to extend or move elsewhere but I'm only on the very outskirts of this and have no knowledge of what's actually been going on. Offer a fair price and that should result in a sale (future value increase clause included or not). Absolutely not. Peterborough Speedway would have raced on in the Championship in 2019 under Ged’s ownership if the sale of the Club to Keith Chapman hadn’t gone through. The Club was well run, profitable and successful and in no danger whatever. 5 Quote Link to comment Share on other sites More sharing options...
Bald Bloke Posted October 11, 2023 Report Share Posted October 11, 2023 I might be wrong, but didn't Buster buy it to save the Prem and TV deal at the time ? I wonder why Ged sold a well run, profit making club? He must of had his reasons i guess. 1 Quote Link to comment Share on other sites More sharing options...
JoeW436 Posted October 11, 2023 Report Share Posted October 11, 2023 I wasn’t really following too closely back then but was the club really at a point where it was going to go under unless Buster stepped in? His disciples love to tell you he’s the reason Peterborough was running up until the end of this year or it would of stopped years ago, but surely someone else would of stepped in since we had a functioning club and most importantly somewhere to ride? Quote Link to comment Share on other sites More sharing options...
The Dog Posted October 11, 2023 Report Share Posted October 11, 2023 I thought their was a site earmarked just the other side of the A1, and had been since the start of the season? Or did I imagine all this? Quote Link to comment Share on other sites More sharing options...
yaxley panther Posted October 11, 2023 Report Share Posted October 11, 2023 https://m.facebook.com/groups/607397632685349/?ref=share Quote Link to comment Share on other sites More sharing options...
yaxley panther Posted October 11, 2023 Report Share Posted October 11, 2023 Just now, yaxley panther said: https://m.facebook.com/groups/607397632685349/?ref=share If you ain't already joined .... Quote Link to comment Share on other sites More sharing options...
Crump99 Posted October 11, 2023 Report Share Posted October 11, 2023 1 hour ago, RogerM22 said: I did always wonder why Laguta, of all riders, went to Peterborough? It made zero difference to their season and he's not exactly the type to draw in huge crowds either. He was sublime after a first meeting shocker and if he continued with that application and performance then he certainly would have drawn in the crowds. So although it was too late and seemingly a bit pointless, apart from saving us from the wooden spoon, so not quite zero difference, I disagree with the last point. Quote Link to comment Share on other sites More sharing options...
old bob at herne bay Posted October 11, 2023 Report Share Posted October 11, 2023 All this nonsense about a speedway club NAME having some notional value seems a load of tosh to me. Why would Mr New Promoter need to buy a name when he could apply to open up a new track that he had just built to the required standard nearby and call it maybe Sawtry Stars Speedway Ltd. Why would you want to buy "Peterborough Panthers", or Eastbourne Eagles or Rye House Rockets or Lakeside Hammers ????? They surely are worthless names? There's all this tosh about having to have a promoters "licence " .... just send Mr New Promoter an application form for a new "licence". The asset value of a speedway business surely is limited to the value of the lights, airfence, tractors and grading equipment and some quantity of track material? 2 Quote Link to comment Share on other sites More sharing options...
Bagpuss Posted October 11, 2023 Report Share Posted October 11, 2023 39 minutes ago, old bob at herne bay said: All this nonsense about a speedway club NAME having some notional value seems a load of tosh to me. Why would Mr New Promoter need to buy a name when he could apply to open up a new track that he had just built to the required standard nearby and call it maybe Sawtry Stars Speedway Ltd. Why would you want to buy "Peterborough Panthers", or Eastbourne Eagles or Rye House Rockets or Lakeside Hammers ????? They surely are worthless names? There's all this tosh about having to have a promoters "licence " .... just send Mr New Promoter an application form for a new "licence". The asset value of a speedway business surely is limited to the value of the lights, airfence, tractors and grading equipment and some quantity of track material? Yep, it not like those club names have forty or fifty plus years of history attached to them is it? Quote Link to comment Share on other sites More sharing options...
RogerM22 Posted October 11, 2023 Report Share Posted October 11, 2023 2 hours ago, Pinny said: He was pissing Lynn about as well so its hard to imagine Chapman to continue paying for his services at another club of his? It must of been financed from someone else. Or was he on the hook for X meetings? I can't imagine so but it makes no sense. 59 minutes ago, Crump99 said: He was sublime after a first meeting shocker and if he continued with that application and performance then he certainly would have drawn in the crowds. So although it was too late and seemingly a bit pointless, apart from saving us from the wooden spoon, so not quite zero difference, I disagree with the last point. Fair point. He's a top class rider and we don't have many of them here, so maybe he would've got people in, but he's not really someone you'd get overly excited about. Quote Link to comment Share on other sites More sharing options...
Noodles Posted October 11, 2023 Report Share Posted October 11, 2023 1 hour ago, Bagpuss said: Yep, it not like those club names have forty or fifty plus years of history attached to them is it? The name Lakside Hammers wasn't around forty or fifty years ago. Quote Link to comment Share on other sites More sharing options...
scoobydoo Posted October 11, 2023 Report Share Posted October 11, 2023 Is It possible that the Peterborough Panthers name is all the consortium may want to buy at this stage , Its been stated on here that the air fence is worthless as its past its expiry and was due to be replaced for 2024. Quote Link to comment Share on other sites More sharing options...
Bagpuss Posted October 11, 2023 Report Share Posted October 11, 2023 28 minutes ago, Noodles said: The name Lakside Hammers wasn't around forty or fifty years ago. Fair point, but 'Arena Essex Hammers' is nearly 40 years old. The point is that if you're starting up a speedway team again you'd surely want to use the name that the club has always had would you not. Quote Link to comment Share on other sites More sharing options...
noaksey Posted October 11, 2023 Report Share Posted October 11, 2023 9 minutes ago, Bagpuss said: Fair point, but 'Arena Essex Hammers' is nearly 40 years old. The point is that if you're starting up a speedway team again you'd surely want to use the name that the club has always had would you not. I seriously doubt anyone would get permission from the BSPL to operate a team within a reasonable distance of Peterborough without coming to an agreement with the current owner 1 Quote Link to comment Share on other sites More sharing options...
1 valve Posted October 11, 2023 Report Share Posted October 11, 2023 7 minutes ago, noaksey said: I seriously doubt anyone would get permission from the BSPL to operate a team within a reasonable distance of Peterborough without coming to an agreement with the current owner Correct & that’s one of the benefits/reasons of owning a company that owns such an asset. To be clear. License’s are legal documents drawn up under the full protection of UK contract law. 1 Quote Link to comment Share on other sites More sharing options...
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