Birmingham Speedway

[noaksey]

4 hours ago, Pauldoveyspeedway said:

It doesnt look good for Brum ..Its gone very quiet  at Wolves wonder if there is any hope of a new stadium?????..Any takers ????

No news at all, anything that might even be possible is many years away at best 

[GeneralMelchett]

On 10/3/2024 at 9:38 PM, Racin Jason 72 said:

To blame the away fixtures for cash flow is ridiculous. They have had equal amount of home and away fixtures over the course of a season. 
Why would anyone invest in a team who only have a year left to run ? That’s not an investment that’s a donation ! 
 

ok indulge me why?

What he said made perfect sense to me as someone who has run businesses for the last 20 odd years - cashflow kills many a business!

[GeneralMelchett]

17 hours ago, noaksey said:

No news at all, anything that might even be possible is many years away at best 

I hope Wolves fans get another track but like Lakeside and others I cant see it happening anytime soon, would love to be wrong!

[Racin Jason 72]

2 hours ago, GeneralMelchett said:

ok indulge me why?

What he said made perfect sense to me as someone who has run businesses for the last 20 odd years - cashflow kills many a business!

Because the fixtures were known well in advance so hardly a surprise. 

[GeneralMelchett]

Just now, Racin Jason 72 said:

Because the fixtures were known well in advance so hardly a surprise. 

But that's not quite what he said! He said that the later run fixtures particularly Kings Lynn (at home) had been poorly attended, this bit is only alluded to admittedly that coupled with 5 away matches inside one month had hit the cashflow. We can all budget and hope that reality meets our expectations - clearly it did not for them! As the saying goes no plan survives contact!

[1 valve]

36 minutes ago, Racin Jason 72 said:

Because the fixtures were known well in advance so hardly a surprise. 

The season did not run according to the original fixture list due to home postponements which when eventually staged, were run with lower attendance than was forecast/expected. They also (most probably) had to meet extra cost than budgeted for the new no. one drafted in at the latter stages of the season.  
The issue facing speedway promotions in running teams is, as we all know, dependent on home income funding not only the cost of those meetings but also the primarily riders costs, for away meetings. Thus if there is a prolonged run of away meetings the promotion has to rely on reserve funds/overdraft/loans/own money to meet those costs not covered by expected income. In Birmingham's case it would appear that when the home meetings subsequent to the away run were held they did not recover the overall cost previously expended.
Fairly clear and obvious that Birmingham, from a financial perspective has had to run as close the bone as possible during 2024 and on top of this unfortunately factors transpired against their best intentions and hopes resulting in the current precarious position the promotion finds itself in.