£300m Summer Sport Recovery Package

[PHILIPRISING 7,298]

14 minutes ago, uk_martin said:

Only in speedway can such a blatant conflict of interest be heralded as some kind of heroism.  And you wonder why the sport has gone down the pan. 

WHAT conflict of interest? He negotiated a deal on behalf of the BSPA, at their behest. 

[arnieg 3,637]

46 minutes ago, PHILIPRISING said:

WHAT conflict of interest? He negotiated a deal on behalf of the BSPA, at their behest. 

Some might suggest there is a difference between a legitimate finders fee and blatantly lining your pocket at the expense of the organisation you are acting on behalf of.

[PHILIPRISING 7,298]

51 minutes ago, arnieg said:

Some might suggest there is a difference between a legitimate finders fee and blatantly lining your pocket at the expense of the organisation you are acting on behalf of.

THEN in this case they would be wrong. The BSPA, unable to secure a TV deal, entered into a contract with Terry. No deal, no fee. This is not unusual for these sorts of negotiations especially in TV sports contracts. 

[uk_martin 1,606]

 

On 3/7/2021 at 7:01 PM, PHILIPRISING said:

WHAT conflict of interest? He negotiated a deal on behalf of the BSPA, at their behest. 

And there's the next non-surprise, the voice of journalistic wing of the speedway circus sounding out support for the corrupt practises infesting the governing body. What a lovely mutual back scratching arrangement you had, or even still have. You get fed some nicey nicey press releases so that you get enough to publish, and in return you agree to abstain from any investigative journalism (Belle Vue, anyone?), and you publicly voice your support for their every deed and misdemeanour. Speedway Star became the official propaganda vehicle for the BSPA.  Not since the Soviet Communist Party had such a symbiotic relationship with Pravda and Isvestia has such a contemptable relationship existed.

"What conflict of interest" may actually be the most investigative question that you've asked in the past 25 years. Well done. Keep it up. 

Edited March 8, 2021 by uk_martin

[PHILIPRISING 7,298]

10 minutes ago, uk_martin said:

 

And there's the next non-surprise, the voice of journalistic wing of the speedway circus sounding out support for the corrupt practises infesting the governing body. What a lovely mutual back scratching arrangement you had, or even still have. You get fed some nicey nicey press releases so that you get enough to publish, and in return you agree to abstain from any investigative journalism (Belle Vue, anyone?), and you publicly voice your support for their every deed and misdemeanour. Speedway Star became the official propaganda vehicle for the BSPA.  Not since the Soviet Communist Party had such a symbiotic relationship with Pravda and Isvestia has such a contemptable relationship existed.

"What conflict of interest" may actually be the most investigative question that you've asked in the past 25 years. Well done. Keep it up. 

NOT even worthy of a reply. 

[Humphrey Appleby 13,954]

1 hour ago, uk_martin said:

What a lovely mutual back scratching arrangement you had, or even still have. You get fed some nicey nicey press releases so that you get enough to publish, and in return you agree to abstain from any investigative journalism (Belle Vue, anyone?)

I believe Tel was also once a shareholder in the Spar, although before the BSPA deal. 

Edited March 8, 2021 by Humphrey Appleby

[PHILIPRISING 7,298]

9 hours ago, Humphrey Appleby said:

I believe Tel was also once a shareholder in the Spar, although before the BSPA deal. 

 

9 hours ago, Humphrey Appleby said:

I believe Tel was also once a shareholder in the Spar, although before the BSPA deal. 

HE was for a very short time when Pinegen needed some start up capital when we acquired Speedway Star from IPC Magazines. Without his help and that of three others we could not have got going and IPC would simply have shut it down. 

[SSL84 541]

1 hour ago, PHILIPRISING said:

 

HE was for a very short time when Pinegen needed some start up capital when we acquired Speedway Star from IPC Magazines. Without his help and that of three others we could not have got going and IPC would simply have shut it down. 

Phil what people don't know is without Terry Russell there would not have been a sky deal even if his company had taken 1% 10% or 25% without out him no sky that's FACT

[PHILIPRISING 7,298]

22 minutes ago, Trackerman48 said:

Phil what people don't know is without Terry Russell there would not have been a sky deal even if his company had taken 1% 10% or 25% without out him no sky that's FACT

HAVE stated that many of times on the bsf over the years but some simply refuse to believe it. That is their problem.

[SSL84 541]

5 hours ago, PHILIPRISING said:

HAVE stated that many of times on the bsf over the years but some simply refuse to believe it. That is their problem.

Thing is people like UK Martin always look for all negative and moan then just talks about Poland having the best and all polish tracks are the best in the world.  Agree some track are great BUT not all there are rough tracks too. Don't think he goes to his local track anymore.  Always just knocks British speedway.  

Edited March 9, 2021 by Trackerman48
Missed some words

[PHILIPRISING 7,298]

13 minutes ago, Trackerman48 said:

Thing is ppeople like UK Martin always look for all negative and moan then just talks about Poland having the best and all polish tracks are the best in the world.  Agree some track are great BUT not all there are rough tracks too. Don't think he goes to his local track anymore.  Always just knocks British speedway.  

DOUBT whether he reads SS either

[mikebv 10,272]

The bottom line is regardless of any 'fee' to Terry Russell, there was a lot of money put into the respective coffers of the clubs....

Wasn't it £100k per team in the top league and then a fair few thousand per match to the hosting club for the matches covered?

And the contract covered a good many years...

I would suggest that even if Terry Russell had waived any fee (with no reason to do so by the way), we would still be where we are today and that the 'extra money' it would have produced, would have still been spent the same way as all the rest..

With the same amount of "nothing" to show for it today...

[PHILIPRISING 7,298]

27 minutes ago, mikebv said:

The bottom line is regardless of any 'fee' to Terry Russell, there was a lot of money put into the respective coffers of the clubs....

Wasn't it £100k per team in the top league and then a fair few thousand per match to the hosting club for the matches covered?

And the contract covered a good many years...

I would suggest that even if Terry Russell had waived any fee (with no reason to do so by the way), we would still be where we are today and that the 'extra money' it would have produced, would have still been spent the same way as all the rest..

With the same amount of "nothing" to show for it today...

EXACTLY. Many suggested that the Sky money would be invested in the infrastructure of speedway in GB but, of course, that didn't happen. 

[Humphrey Appleby 13,954]

On 3/7/2021 at 8:44 PM, PHILIPRISING said:

THEN in this case they would be wrong. The BSPA, unable to secure a TV deal, entered into a contract with Terry. No deal, no fee. This is not unusual for these sorts of negotiations especially in TV sports contracts. 

Putting aside the particular issue of the BSPA and Sky for a moment, I'm not sure it actually is that common for members and particularly directors (notwithstanding that the BSPA didn't have directors as such until recently) of non-profit associations to take commission on fund raising and commercial deals negotiated for the benefit of all members. It wouldn't be unreasonable to be compensated for the time involved in negotiations, or indeed even as one-off reward for finding and bringing in a substantial amount of money if that was offered before the process began, but in many circles it would be viewed as poor form if not an outright conflict-of-interest.

Indeed, that's what ended-up bringing down the FIFA President and much of its Executive, and as well as the leadership of the IAAF amongst other sports bodies. Can only really think of F1 where a similar set-up existed whereby a team principal (Bernie Eccleston) took a cut of the money raised from commercial deals, but that probably lasted because revenue keep rising over many years. 

Perhaps with British speedway though, there was some sort of quid-pro-quo in the arrangements whereby Swindon would prop-up the Elite League to keep the necessary numbers. 

Edited March 9, 2021 by Humphrey Appleby

[Skidder1 7,634]

So nice to see some of the usual BSF BS still going strong!!