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8 hours ago, waiheke1 said:

Actually, that does sound about right, given the net liabilities increased by around 115k in the last financial year. Not sure to what extent covid will have impacted profitability? 

Yes not sure why that is, but can't be speedway loses, with no speedway.  The 3 meetings Belle Vue ran during 2020 broke even from what I remember being reported.

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2 hours ago, SUPERACE said:

Yes not sure why that is, but can't be speedway loses, with no speedway.  The 3 meetings Belle Vue ran during 2020 broke even from what I remember being reported.

I assume they will still have had significant overheads during that year, such as promoters wages, stadium rental, rate contributions etc (this is pure guesswork, as I have no knowledge of Belle Vue's agreement with its promoters or landlords). So those losses could be speedway losses.

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18 hours ago, bellevueace said:

Not forgetting the programme insert that they put into old programmes for meetings that have been rained off, really encourages people does that.

As someone who used to buy and read programmes at all meetings I attended my pet hate was a rain off issue that had no connection with my team being sold for full price with an insert. No one likes it and programme collectors hate it.

In the current climate surely it’s better to save it for when the original team returns and just offer this with an up to date insert, at the very least it’s of interest to both sets of fans. 

Bearing in mind 75% of a programme is Owners, Promoters, Team Managers and Team Captains welcoming the visiting Owners, Promoters, Team Managers and Team and thanking Sponsors and pages upon pages of adverts it’s a wonder anyone still buys it.

I am aware that all copies of programmes go to the BSPL to ensure no one says something out of line and risk a fine but this practice has over time made a lot of programmes bland and uninspiring unfortunately.

Since 2014 I have used an iPad spreadsheet (I produced myself) to follow matches although I still glance through the programme I get with my ST.

I no longer buy programmes at away venues and haven’t for years, although I might look at an Eastbourne copy to see why it won programme of the year in the recent star awards.

 

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12 hours ago, waiheke1 said:

Assuming they didn't take over any debts from the previous promotion?

I can’t think this bv promotion would take on any old debts as it was a new start business and not there responsibility. I fairly sure and remember a article in the speedway star that  the council held a huge sum of cash back from the builder for the defective track problem so that would clear most if not all debts. 

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12 hours ago, SUPERACE said:

No as it doesn't show what was previous debt carried over from the old promotion, or what that debt Is, could be linked to a payment plan with the council.

I think you’ll find arnieg is correct. As at 31 December 2020, the company had £1,000 of share capital and £633,975 of accumulated losses leaving it with a net deficit of £632,975. This was made up of business assets totalling £185,144 and total liabilities, most of which will be monies owed to the owners, of £818,119.

The business lost approximately £271k in 2017, £153k in 2018, £94k in 2019 and £115k in 2020. As the club only ran a handful of meetings in 2020, my assumption is that it is fixed overheads that are causing the huge losses rather than day to day running of meetings 

Edited by Wee Eck
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On 1/14/2022 at 7:54 AM, baxiboy said:

It doesn’t apply to diesel vans with euro 6 engines which modern vans have had from about 2015 onwards. Plenty of sponsored new vans in speedway so I guess most riders won’t be affected. 

very true, except it's from 66 plate onwards, 2015 has the Euro 5 engine, still an unfair tax though, on the less well off.

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On 1/14/2022 at 10:53 AM, bigcatdiary said:

As someone who used to buy and read programmes at all meetings I attended my pet hate was a rain off issue that had no connection with my team being sold for full price with an insert. No one likes it and programme collectors hate it.

In the current climate surely it’s better to save it for when the original team returns and just offer this with an up to date insert, at the very least it’s of interest to both sets of fans. 

Bearing in mind 75% of a programme is Owners, Promoters, Team Managers and Team Captains welcoming the visiting Owners, Promoters, Team Managers and Team and thanking Sponsors and pages upon pages of adverts it’s a wonder anyone still buys it.

I am aware that all copies of programmes go to the BSPL to ensure no one says something out of line and risk a fine but this practice has over time made a lot of programmes bland and uninspiring unfortunately.

Since 2014 I have used an iPad spreadsheet (I produced myself) to follow matches although I still glance through the programme I get with my ST.

I no longer buy programmes at away venues and haven’t for years, although I might look at an Eastbourne copy to see why it won programme of the year in the recent star awards.

 

I guess because the pieces written by the team managers and promoters are so out of date a few weeks down the line?

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