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All Clubs are For Sale

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23 minutes ago, old bob at herne bay said:

Well there is a growing number of  clubs announced as "up for sale" so it looks like a surplus of supply may drive prices down.

We have

Poole , Somerset (looking to leave Premiership) Rye House (have track for rental) Swindon (no track in 2019)

Lakeside (team no track), Peterborough, Redcar, Workington (team no track)

Midenhall, and possibly Eastbourne (?)

 

 

Somerset and Swindon are not for sale are they?

There's a difference "Up for sale" and one team might drop down and Swindon "no track".

I don't think any of these are up for sale and think both will ride in 2019. 

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3 hours ago, old bob at herne bay said:

Well there is a growing number of  clubs announced as "up for sale" so it looks like a surplus of supply may drive prices down.

We have

Poole , Somerset (looking to leave Premiership) Rye House (have track for rental) Swindon (no track in 2019)

Lakeside (team no track), Peterborough, Redcar, Workington (team no track)

Midenhall, and possibly Eastbourne (?)

 

 

Redcar aren't for sale, they are just seeking a new promoter . All is in hand according to CVS in the Speedy Star.

Swindon have got a track in 2019. Why haven't Worky got a track?

Edited by Skidder1

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3 hours ago, old bob at herne bay said:

Well there is a growing number of  clubs announced as "up for sale" so it looks like a surplus of supply may drive prices down.

We have

Poole , Somerset (looking to leave Premiership) Rye House (have track for rental) Swindon (no track in 2019)

Lakeside (team no track), Peterborough, Redcar, Workington (team no track)

Midenhall, and possibly Eastbourne (?)

 

 

Swindon have got a track in 2019, it is just that it may be the existing one rather than a new one 

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Genuine question but what would a prospective promoter actually get when buying a club vs what would it cost to set up a new one and run from one of the existing venues?

Certainly in the case of the NL sides who cannot have assets there is little to purchase other than name, so rather than purchase Mildenhall for example why not negotiate directly with the stadium owners and create the Suffolk Shale Shifters ? 

The chances are the majority of the crowds would still attend anyway and you would have the same product to market so why buy the rights to an existing promotion when you can generate your own?

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36 minutes ago, Sings4Speedway said:

Genuine question but what would a prospective promoter actually get when buying a club vs what would it cost to set up a new one and run from one of the existing venues?

Certainly in the case of the NL sides who cannot have assets there is little to purchase other than name, so rather than purchase Mildenhall for example why not negotiate directly with the stadium owners and create the Suffolk Shale Shifters ? 

The chances are the majority of the crowds would still attend anyway and you would have the same product to market so why buy the rights to an existing promotion when you can generate your own?

Because promoters have a license to promote in the given area - to stop “pop-ups” and ensure that there is some value in holding a BSPA license

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2 minutes ago, Steve0 said:

Because promoters have a license to promote in the given area - to stop “pop-ups” and ensure that there is some value in holding a BSPA license

Thanks for that. Never heard that before, im assuming its a smallish area given the proximity of some tracks to others. Any idea how long the BSPA licences last? Wondering if there was any merit in waiting for it to expire then attempting to place a new club in an existing venue?

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Just now, Sings4Speedway said:

Thanks for that. Never heard that before, im assuming its a smallish area given the proximity of some tracks to others. Any idea how long the BSPA licences last? Wondering if there was any merit in waiting for it to expire then attempting to place a new club in an existing venue?

That’s the point - it doesn’t expire.  For example, you get a license to promote speedway at Poole Speedway - that stops anyone else doing the same - and devaluing your product.  If anyone wants to promote in Coventry then Mick Horton currently has the license - unless someone buys it off him - following the BSPA rules.

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Usually it is quoted as a 30 mile area of exclusivity ( there are some obvious historical exceptions). So for example I believe attempts by a Norwich based group to introduce speedway at Swaffham were torpedoed by an objection from King's Lynn.

 

The licence will expire after the track stops operating ( So for example David Hemsley at Leicester acquired a new licence off the BSPA rather than buy an existing one.) Not sure there is a fixed period but three years seems about typical.

Licences can also be transferred, so for example Newcastle's licence moved to Reading in 1971 and Reading's to a new venue at Sunderland [yes I know they ran in 64].

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20 hours ago, old bob at herne bay said:

Well there is a growing number of  clubs announced as "up for sale" so it looks like a surplus of supply may drive prices down.

We have

Poole , Somerset (looking to leave Premiership) Rye House (have track for rental) Swindon (no track in 2019)

Lakeside (team no track), Peterborough, Redcar, Workington (team no track)

Midenhall, and possibly Eastbourne (?)

 

 

"Eastbourne?" !

I note the question mark, but where did you get that from?

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21 hours ago, old bob at herne bay said:

Well there is a growing number of  clubs announced as "up for sale" so it looks like a surplus of supply may drive prices down.

We have

Poole , Somerset (looking to leave Premiership) Rye House (have track for rental) Swindon (no track in 2019)

Lakeside (team no track), Peterborough, Redcar, Workington (team no track)

Midenhall, and possibly Eastbourne (?)

 

 

Don't forget Cov

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21 hours ago, old bob at herne bay said:

Well there is a growing number of  clubs announced as "up for sale" so it looks like a surplus of supply may drive prices down.

 

Assuming there is a somebody out there who wants to invest in a speedway club?

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3 hours ago, mmmmethanol said:

"Eastbourne?" !

I note the question mark, but where did you get that from?

It's been rumoured to be have been sold and a hotel being built on the land for some time now.

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1 hour ago, Wolfie456 said:

It's been rumoured to be have been sold and a hotel being built on the land for some time now.

If that were to be the case then the relevant documentation associated with the granting of appropriate planning permissions will be available in the public domain should anyone wish to check with the local authority and provide validity to the rumour.

Edited by 1 valve

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3 hours ago, Wolfie456 said:

It's been rumoured to be have been sold and a hotel being built on the land for some time now.

Why would anyone want a hotel in the middle of a field?!

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35 minutes ago, Skidder1 said:

Why would anyone want a hotel in the middle of a field?!

Because the field is not far from the main road.

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