Tsunami 10,219 Posted March 15, 2021 On 3/11/2021 at 8:21 PM, mikebv said: Will any tell the panel that they SAVED money last year? Saved 'losing' money last year, you mean. 1 1 Share this post Link to post Share on other sites
Fromafar 10,361 Posted March 17, 2021 On 3/12/2021 at 5:47 PM, Wee Eck said: What is a surprise to me is the press release completely ignoring the fact that the two Scottish teams have been awarded grants, whereas English teams have been told that they might possibly perhaps get something or they might get nothing and it might be a grant or it might be a loan.....yippee! I’m sure the Scottish Clubs are very glad of the grants,what surprise me is the they were awarded different amounts.Wonder what the criteria was regarding this matter.!! Share this post Link to post Share on other sites
SSL84 541 Posted March 17, 2021 7 hours ago, Fromafar said: I’m sure the Scottish Clubs are very glad of the grants,what surprise me is the they were awarded different amounts.Wonder what the criteria was regarding this matter.!! Out of interest where is it said how much money each club have been given? Share this post Link to post Share on other sites
PHILIPRISING 7,298 Posted March 17, 2021 38 minutes ago, Trackerman48 said: Out of interest where is it said how much money each club have been given? £20,000 for Edinburgh, £30,000 for Glasgow because they own the stadium ... full story in SS this week 2 1 Share this post Link to post Share on other sites
SSL84 541 Posted March 17, 2021 1 minute ago, PHILIPRISING said: £20,000 for Edinburgh, £30,000 for Glasgow because they own the stadium ... full story in SS this week Thanks for that Phil 2 Share this post Link to post Share on other sites
PHILIPRISING 7,298 Posted March 29, 2021 THE Government has today announced the latest tranche of funding from the winter phase of its Sport Survival Package. Speedway clubs have been offered £300,000 in loan support. Rob Godfrey, Chairman of British Speedway, said: “Government and Sport England have been very supportive of the needs of British Speedway clubs and the effect the pandemic has had on them. “Taking the time to understand our sport, they have worked closely with a number of speedway clubs to understand their needs, and ultimately provided this crucial funding to help them make it to the starting tapes in May. “We hope this is the start of support for speedway with our most vulnerable clubs accessing early funding support.” 2 Share this post Link to post Share on other sites
screm 8,057 Posted March 29, 2021 On 3/17/2021 at 7:53 AM, Trackerman48 said: Out of interest where is it said how much money each club have been given? Clubs have been given nothing its a loan, and as with all loans clubs will have to repay it. Short term very good news but you get the feeling it will be long term pain for many Share this post Link to post Share on other sites
mikebv 10,273 Posted March 29, 2021 22 minutes ago, screm said: Clubs have been given nothing its a loan, and as with all loans clubs will have to repay it. Short term very good news but you get the feeling it will be long term pain for many Possibly explains the lowering of standards... The loan will allow them to start the season, then the TV money will help pay the loan... The last time they had a decent TV contract the money just got 'frittered' away.. Maybe this time it will actually be invested in ths right places for the future. . Share this post Link to post Share on other sites
Petecc 352 Posted March 29, 2021 Don't forget that all loans have to be paid back with interest and its the interest that kills most business. Share this post Link to post Share on other sites
GAH 409 Posted March 29, 2021 11 minutes ago, Petecc said: Don't forget that all loans have to be paid back with interest and its the interest that kills most business. 0% over 10 years with a 2 year break !! very reasonable i would say 1 Share this post Link to post Share on other sites
bigcatdiary 3,165 Posted March 29, 2021 32 minutes ago, GAH said: 0% over 10 years with a 2 year break !! very reasonable i would say 2% over 10 years is what’s been reported on the GP site. 1 Share this post Link to post Share on other sites
NeilWatson 1,988 Posted March 29, 2021 36 minutes ago, bigcatdiary said: 2% over 10 years is what’s been reported on the GP site. No repayments for first two years, then 2% over the remaining eight years 1 Share this post Link to post Share on other sites
racers and royals 8,723 Posted March 29, 2021 Loaning money to speedway promoters- we could see the Horton`s and Terry Lindon making a comeback 1 3 Share this post Link to post Share on other sites
Dave Jones 2,127 Posted March 29, 2021 5 minutes ago, racers and royals said: Loaning money to speedway promoters- we could see the Horton`s and Terry Lindon making a comeback Don't say that. Just as things are beginning to look a little brighter as we come out of lockdown this sort of news would wreck my cheerier thoughts. 1 Share this post Link to post Share on other sites
phillwhitewasmad 1,487 Posted March 29, 2021 (edited) 10 hours ago, bigcatdiary said: 2% over 10 years is what’s been reported on the GP site. That's a similar deal to the business bounce back loan scheme very good deal if you can use it for the benefit of your business Edited March 30, 2021 by phillwhitewasmad 1 Share this post Link to post Share on other sites