Peterborough Panthers 2023

[JoeW436]

Not surprised this is how negotiations are going with the character they are dealing with.

[Bald Bloke]

44 minutes ago, pleasureboy60 said:

Still think Chapman and AEPG have agreed some backhanded deal and that is why Chapman won't or can't sell !

If that's the case, it will come out in the end, no doubt.

[noaksey]

1 hour ago, Arch Stanton said:

Has to be difficult to price and very complex because Chapman won’t be sure what he’s selling? In his view there’s no chance of racing at the Showground, the fellas in the consortium seem to think otherwise. I guess there’ll be stipulations in the contract that he’s owed extra x y and z if and when they get a stay of execution at the Showground for another year or two and this is what is holding things up? Could be miles off but just a guess. 

I think it's probably more a case of the consortium not sure of what they are buying. They could end up paying money for something which never trades again and has no resale value.

As you say there's a complicated nominal payment now with multiple overage clauses within certain time frames agreement to be done but very difficult to negotiate 

[eric i]

1 hour ago, Arch Stanton said:

Has to be difficult to price and very complex because Chapman won’t be sure what he’s selling? In his view there’s no chance of racing at the Showground, the fellas in the consortium seem to think otherwise. I guess there’ll be stipulations in the contract that he’s owed extra x y and z if and when they get a stay of execution at the Showground for another year or two and this is what is holding things up? Could be miles off but just a guess. 

Chapman has been adamant that the speedway cannot continue so all he is selling of value is, tapes, fence and a bit of shale....maybe the lights?

[Arch Stanton]

18 minutes ago, noaksey said:

I think it's probably more a case of the consortium not sure of what they are buying. They could end up paying money for something which never trades again and has no resale value.

As you say there's a complicated nominal payment now with multiple overage clauses within certain time frames agreement to be done but very difficult to negotiate 

You’re right, it’ll be both ways. The consortium not sure what they’re buying, and Chapman not sure what he’s selling. Lots of ifs buts and maybes in there so more than likely very difficult and lengthy negotiations. 

[Arch Stanton]

Just now, eric i said:

Chapman has been adamant that the speedway cannot continue so all he is selling of value is, tapes, fence and a bit of shale....maybe the lights?

He has you’re right, but I’m sure someone (apologies can’t remember which one) in the consortium was of a different opinion. 

[eric i]

2 minutes ago, Arch Stanton said:

He has you’re right, but I’m sure someone (apologies can’t remember which one) in the consortium was of a different opinion. 

My point being, it shouldn't be difficult to price.

[Arch Stanton]

10 minutes ago, eric i said:

My point being, it shouldn't be difficult to price.

Disagree. 

[eric i]

56 minutes ago, Arch Stanton said:

Disagree. 

 tapes, fence and a bit of shale....maybe the lights, Not hard to price up. 

However if Chapman has changed his mind and is no longer adamant that the speedway is finished then it becomes lot trickier. 

Edited October 31, 2023 by eric i

[SteveLyric2]

37 minutes ago, eric i said:

 tapes, fence and a bit of shale....maybe the lights, Not hard to price up. 

However if Chapman has changed his mind and is no longer adamant that the speedway is finished then it becomes lot trickier. 

Does Buster own any Peterboro rider assets?

[chrismorton]

The shale was in a pile outside the track and the fence looks knackered with holes in when I drove past today...feels sad driving by there now wondering if I will ever be going in again...

[racerback]

chapman will be waiting to see if consortium get any agreement with stadium owners that way the price would rise as sold as a going concern not just a sale of assets surely 

[Arch Stanton]

1 hour ago, racerback said:

chapman will be waiting to see if consortium get any agreement with stadium owners that way the price would rise as sold as a going concern not just a sale of assets surely 

My thoughts exactly. 

[noaksey]

3 hours ago, racerback said:

chapman will be waiting to see if consortium get any agreement with stadium owners that way the price would rise as sold as a going concern not just a sale of assets surely 

There's no reason whatsoever the consortium would buy assets unless there's some prospect of speedway somewhere in the next couple of years.

Presumably Chapman will allow them to make initial enquiries on behalf of Peterborough speedway to land owners without payment for the Rights/Licence with a detailed agreement in place if they find something 

[Crump99]

On 10/31/2023 at 6:40 PM, Bald Bloke said:

If that's the case, it will come out in the end, no doubt.

Wouldn't put money on it. We're still waiting to know why this went ** up: " The only person who spoke to me about running the club, who I thought initially was going to be running it, was Michael Tomalin from City Auction Group, and he is the only person."

[Crump99]

 

6 hours ago, racerback said:

chapman will be waiting to see if consortium get any agreement with stadium owners that way the price would rise as sold as a going concern not just a sale of assets surely 

AEPG don't want an agreement. They want speedway gone and the stadium/track flattened so that they are in total control of the space so that they can progress as they see fit. Bratley said that they'd already cancelled one planned meeting. I doubt that there's been another. Butterfield will just kick the can down the road to scupper 2024 and go from there.

As consortium spokesman Johnson said: “Before we can do anything, we have to see if we can agree a deal with Mr. Chapman to buy the rights to the Peterborough operating licence and until that happens it is difficult to move forward.

Chapman has played a blinder for AEPG all year and so it continues. Job just about done!

[bigcatdiary]

11 hours ago, Crump99 said:

 

AEPG don't want an agreement. They want speedway gone and the stadium/track flattened so that they are in total control of the space so that they can progress as they see fit. Bratley said that they'd already cancelled one planned meeting. I doubt that there's been another. Butterfield will just kick the can down the road to scupper 2024 and go from there.

As consortium spokesman Johnson said: “Before we can do anything, we have to see if we can agree a deal with Mr. Chapman to buy the rights to the Peterborough operating licence and until that happens it is difficult to move forward.

Chapman has played a blinder for AEPG all year and so it continues. Job just about done!

Butterfield is surely the key to everything, until he talks to the consortium or agrees to let speedway continue at the Showground their will be no way to move forward.

Chapman has nothing really to sell other than the right to stage speedway in Peterborough and with no venue at the moment it’s worth very little at this point. Buster has made it very clear he doesn’t want to continue at Peterborough past 2023 but even if he did Butterfield is blocking his path both to running speedway at the Showground and selling Peterborough Speedway as a going concern to the consortium.

[Crump99]

On 11/2/2023 at 9:10 AM, bigcatdiary said:

Butterfield is surely the key to everything, until he talks to the consortium or agrees to let speedway continue at the Showground their will be no way to move forward.

Chapman has nothing really to sell other than the right to stage speedway in Peterborough and with no venue at the moment it’s worth very little at this point. Buster has made it very clear he doesn’t want to continue at Peterborough past 2023 but even if he did Butterfield is blocking his path both to running speedway at the Showground and selling Peterborough Speedway as a going concern to the consortium.

And Butterfield has never given any impression that he and his land promoters see a future for Peterborough Speedway at the EoES. As far as he and they are concerned it's job done. The messaging from Chapman has been negative from the start and he never (outwardly anyway) put up any fight to save the club or explain what changed from his 2022 message of a few more seasons at the EoES (unless he made that up of course?) to his capitulation of consistently singing the AEPG agenda. And to be fair, CJ had been similarly negative, up to his leaving, from the start (whether under duress or out of necessity I don't know). The supporters club came to the party too late: I've been amazed all year that they've been ticking along like it's business as usual with the sands of time running out for their club as each meeting passed. If only the Peterborough Needs Speedway flag had appeared at that pre-season rider introduction promo rather than at the EoES when time was almost up.

What Chapman has or hasn't got to sell and who is pulling whose strings I don't know. It can't be too difficult to make a sale on what he has or hasn't got and draw up a contract with clauses in for future eventualities?

It's a shame that the SCB/BSPA can't issue a new licence for say Alwalton Speedway so that the consortium can move forward. SCB/BSPA put in a strong objection to Butterfield and AEPG's planned destruction of Peterborough Speedway but they seemingly are happy to see one of their members take down one of their premium clubs, track and stadium to further weaken their struggling product?

Funny old sport innit.

Edited November 3, 2023 by Crump99

[TTT]

Michael Tomalin on Facebook.

A hugely busy period for the consortium with some updates coming very soon to confirm our objectives with the next phase of the Peterborough Panthers Speedway

[bigcatdiary]

1 hour ago, Crump99 said:

And Butterfield has never given any impression that he and his land promoters see a future for Peterborough Speedway at the EoES. As far as he and they are concerned it's job done. The messaging from Chapman has been negative from the start and he never (outwardly anyway) put up any fight to save the club or explain what changed from his 2022 message of a few more seasons at the EoES (unless he made that up of course?) to his capitulation of consistently singing the AEPG agenda. And to be fair, CJ had been similarly negative, up to his leaving, from the start (whether under duress or out of necessity not I don't know). The supporters club came to the party too late: I've been amazed all year that they've been ticking along like it's business as usual with the sands of time running out for their club as each meeting passed. If only the Peterborough Needs Speedway flag had appeared at that pre-season rider introduction promo rather than at the EoES when time was almost up.

What Chapman has or hasn't got to sell and who is pulling whose strings I don't know. It can't be too difficult to make a sale on what he has or hasn't got and draw up a contract with clauses in for future eventualities?

It's a shame that the SCB/BSPA can't issue a new licence for say Alwalton Speedway so that the consortium can move forward. SCB/BSPA put in a strong objection to Butterfield and AEPG's planned destruction of Peterborough Speedway but they seemingly are happy to see one of their members take down one of their premium clubs, track and stadium to further weaken their struggling product?

Funny old sport innit.

The recent application which the council turned down in respect of the DHL business must have come as a major shock to both Butterfield and DHL as it cuts off a major revenue stream, most of the people I know and myself thought he would get planning permission granted after following the meeting online.

As the council was minded to refuse that on the basis of local opinion and 150 objections despite approval from the city planning dept, it doesn’t look good for the next two housing applications which has major opposition from just about everyone as well as nearly two thousand online objections and being against the PCC local plans.

If I was Butterfield I would be a worried man because having already sunk a large investment into the application it’s now looking very unlikely he is going to get it home, he can bleat all he likes that speedway is finished at the Showground and is not viable but locally now that’s been showed up to my be bullshyte, so one would have thought it’s time to pull your horns in and come up with a compromise which benefits both AEPG and Peterborough Speedway.