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TiffanyS

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    Birmingham

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  1. TiffanyS

    Brum offer.....

    Hi all, As the daughter of one of the directors, I am responding on behalf of the consortium at Birmingham Speedway with their approval and support. First of all, a mistake was made; solicitors were consulted before the offer to buy shares was made. However, it was upon speaking to a different solicitor that we were made aware of potential issues to do with advertising shares. At this point, we took the decision to be honest and share this information with our supporters and potential investors. At the end of the day, we are a group of speedway enthusiasts who have invested a substantial amount of money with the sole intention of saving a club that we cherish; all that we can do in light of this error is offer our sincerest apologies and act to rectify the situation. Regarding the GoFundMe of the previous season, I would like to remind readers that there is zero association between the consortium and the previous owners of the club - at that point, we too were fans pledging our money to support Birmingham Speedway. It was made clear from the very beginning that there would never be any form of dividend from the shares as the club is being run as a non-profit organisation. We cannot commit to publishing the books but it is our intention to be as transparent as possible about the club’s finances and to keep stakeholders informed as to how their investment has been spent. As it stands, no funds have been requested or transferred and nobody is under any obligation to do so. Thank you for the ongoing support that many of you are offering, be it financial or otherwise. We will continue to do everything in our power to secure the future of our beloved club. Have a lovely Christmas.
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