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3 hours ago, TotallyHonestJohn said:

1.  Not the case Dave last years debt is manageable and will be sorted; and as pointed out below and mentioned earlier in the post, its only if the club totally fail and end up being annulled do they loose their assets  

2. Not quite correct either as the riders are still assets of other clubs and as such resort back to that status just means they are back into he mix as riders without clubs; their status wont change also if any Workington assets are used they will still get the loan fees whilst the licence is on "Ice" and if they confirm that there are no buyers and they intend to wind up the business and do not run next year they will be able to sell the assets

3. Average crowds currently of 450 to 550 with a lot of discerning fans who wouldn't come to watch National League racing unfortunately so the crowd dips to what? half that figure 250 to 300? Eastbourne and Lakeside for sure will tell you that they had larger crowds than that and struggled to make it pay in the National League, also being mainly a Southern based league with the most Northerly team in Manchester meaning greater travel costs and then there is the Stadium costs as the Rugby Club would still want their cash regardless so there would not be any reduction there. I looked at this option last year and it is even less viable than the Championship. It may sound crazy but the better option could have been to go up a league rather than down then this may have generated a crowd of 800 to 1200 which would have supported a reasonable team but again that is one hell of a gamble to take

 

1. Pleased to hear it is manageable, assuming you are meaning speedway debts. My main point was that I could not see BSPA allowing riders being sold and allowing Worky to keep the money if there was substantial debts.That situation would be shady with some promoters with them wriggling out of the debts they owe internally.

2. Yes of course, I had included loan riders who would obviously be back on the market under the control of their own promoters. Do the loan fees to these clubs get returned, assuming they have already been paid of course.  

3.  We talked about starting a NL team last year in the future but currently it would not be viable, mainly due to, as you say, the league being too southern based and BV being the nearest team for derbies. Also there is currently a shortage of Northern based riders of that quality who could stock that team. There was also the possibly of a combined team say with Redcar sharing the home meetings on an equal basis but, until the new riders appear like they will in future, that idea has to be on the back burner for now. New riders that could emerge on the 500 scene in the near future are Archie, Danny, Alex, Elliott, Jack W, Sam McGurk, following by Luke. Healthy prospects there. 

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1 hour ago, Tsunami said:

2. Yes of course, I had included loan riders who would obviously be back on the market under the control of their own promoters. Do the loan fees to these clubs get returned, assuming they have already been paid of course.

Honestly

Loan fees paid up front!!! never been known, clubs are usually still screaming for them to be paid in September and October let alone at the start of the season... But you can always live in hope... lol

Also sent you a PM with some relevant information

Regards
THJ

Edited by TotallyHonestJohn
Spelling,

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Sad what’s happened , but why declare to run if money problems from last weren’t sorted. Really feel for Stevie Worrill ravaged by injury last season at Scunthorpe and agrees and signs a deal with Workington this season and won’t even get to tapes

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You’d need bottomless pockets, be barking mad (or possibly both) to invest in speedway these days. 

Edited by Shadders
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There is one simple fact at Workington Speedway and a lot of other clubs.

Not enough fans attending meetings to cover the costs. Sponsorship can only cover so much so for years Laura and other promoters have subsidised our speedway so we can still watch the sport we love.

This is unsustainable going forward and Workington will not be the last club to close this year.

I'm very surprised there were not more clubs closed during the winter. You only have to look to the premiership one man owns three clubs how can that be right ?

The sport is sliding away to nothing and very fast.

The riders spend a fortune on equipment and obviously ask for signung money and points money to achieve this but there is not enough money in the sport no more.

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4 hours ago, Tosh1218 said:

Sad what’s happened , but why declare to run if money problems from last weren’t sorted. Really feel for Stevie Worrill ravaged by injury last season at Scunthorpe and agrees and signs a deal with Workington this season and won’t even get to tapes

Stevie Worrall will still be riding for Belle Vue in the Premiership.  Tero Aarnio won't be in the Premiership (unless he signs at a later date for someone) and it completely knacks Mason Campton.

Totally agree with your first sentence. 

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5 hours ago, Tosh1218 said:

Sad what’s happened , but why declare to run if money problems from last weren’t sorted. Really feel for Stevie Worrill ravaged by injury last season at Scunthorpe and agrees and signs a deal with Workington this season and won’t even get to tapes 

Yes it is sad but what was Laura meant to do? Think positively and put a competitive team together for 2019 in the hope additional sponsors came forward as she was presumably  led to believe they would or think negatively, wait for all the top riders to be signed up and if the additional sponsorship came through then try to put a complete team of NL riders together? If the latter had happened the sponsors would not be happy, the crowds would have dropped off even more and we may have had to pull the plug mid season.

THJ has already stated that last years debts were manageable and will be sorted. I believe that Laura has gone about things in the right way, and after the sacrifices she has made over the past 6 years to keep speedway alive in Workington does not warrant any criticism whatsoever.

No doubt there will be some supporters up and down the country complaining that they have paid for their season tickets and been misled out of a couple of meetings, however those people should just feel grateful that they are going to see some speedway this year, unlike those at Rye, Lakeside and Workington.

As for the riders, yes it is unfortunate for them however hopefully they will get fixed up elsewhere even if some may have to wait a month or so. I cant for instance see Steve Worrall, Kyle Bickey or BWD being out of work for long, though granted they will be taking someone else's place!

To speedway fans elsewhere, please make the most of what you still have.

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7 hours ago, Tsunami said:

What stockpile of engines ? I was told that the agreement that BSPA has with GTR was a large sum up front, and then a contribution to every engine sold up to a maximum number of engines.

Ahh, I see, pay a large sum up front, sell diddly squat, then loose your up front money, either way they lost a shed load if cash for a donkey

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The rules and constitution have been ignored by the BSPA on so many occasions now that Laura can be forgiven for this late decision. Workington were allowed to attend the AGM and subsequently put a team together which inevitably gave some comfort. Despite this support from the BSPA the pay up or else call wasn't finalised until last week. Laura had to call it off or face an annulment and consequently a seizure, at least she still has some influence over the future of the Comets (for the time being). Allowing Laura to make the call does save the awkward announcement that the triple champions are being forcibly closed, it's a very difficult situation for all parties and let's be honest the BSPA could have pulled the plug long before now.

The disagreeing views on this thread (including mine) confirm only one thing, there are no winners whatsoever !

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11 hours ago, TotallyHonestJohn said:

It may sound crazy but the better option could have been to go up a league rather than down then this may have generated a crowd of 800 to 1200 which would have supported a reasonable team but again that is one hell of a gamble to take

Still in shock to be honest.......got to say with the Comets always having stayed in the second tier, throughout their history, I agree that the comment re going up a league could well have proved a solution....those stay-away folk would have had a look for sure? 

As for Laura being let down....well I stood at the front of the Stand post match soaking in the euphoria the night the Championship was won..great feeling, great night, and I just noticed some local business-men seemingly captivated too (I've purchased off them down the years) and they were invited to join the 'on track fun'........I then put two and two together and thought great these guys are up for it next year (was never great at math's mind)...it's never good to think like that without concrete evidence I guess...and I suppose their interest waned as the Winter rolled along?

Memories of trips to such as Eastbourne, Canterbury, Crayford, Peterborough, Paisley, Coatbridge, Berwick, Newcastle, Glasgow, Barrow (great derbies) will stay forever..........sighhhhhhhhhhhhhhhhh!!!!

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1 hour ago, Lord Skid said:

Ahh, I see, pay a large sum up front, sell diddly squat, then loose your up front money, either way they lost a shed load if cash for a donkey

My point was that there is no huge pile of engines as you wanted to hint at. :rolleyes:

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You must be mad to invest in Speedway at this time....the sport is bust and the only people to blame are BSPA promoters. 

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On 1/14/2019 at 10:01 PM, Tsunami said:

 Worky weren't at the AGM either were they.

Tony Jackson represented the Comets at the AGM in Chepstow. 

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"Not quite correct either as the riders are still assets of other clubs and as such resort back to that status just means they are back into he mix as riders without clubs; their status wont change also if any Workington assets are used they will still get the loan fees whilst the licence is on "Ice""

Absolutely 100 per cent correct THJ !  So the club hopefully will have some sort of income even when they are on ice !

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