Fortythirtyeight 840 Posted July 22, 2022 42 minutes ago, highside said: He has been for a few year pity he didnt take on board how to run and promote speedway . Did better than the last bloke 1 Share this post Link to post Share on other sites
soupy 556 Posted July 22, 2022 20 minutes ago, Fortythirtyeight said: Did better than the last bloke True but left it in a poor state for someone else to try to pick the pieces up in the end 1 Share this post Link to post Share on other sites
phillipsr 2,053 Posted July 22, 2022 2 hours ago, Justgotmecpc said: So you must not be a fan of young Archie I'm guessing ? Do you sell a favour give the kid a chance & if your going to criticize make it constructive !! Dont care either way actually felt sorry for him last year and thought what Newcastle did to him was disgraceful!! I just didnt see the reason for Redcar to spend money acquire him is all hes still a fair way off NL HL level let alone Championship so no money coming in for loans etc but as someone said above Redcar are trying to get a asset base going so good for them 1 Share this post Link to post Share on other sites
Pinny 2,536 Posted July 23, 2022 George English was a fine promoter at Newcastle , his record proves that. Having met him years ago at Newcastle (around 2009ish) , you could tell he lived and breathed Newcastle Speedway. However after reading posts since coinciding with his departure , things seem to of gone sour. Either way, Newcastle ran year in year out whilst he was involved and since he departed the club, its gone downhill rapidly. 2 Share this post Link to post Share on other sites
Diamondboy 677 Posted July 23, 2022 21 hours ago, soupy said: Thought MR English had left the SCB a few year ago. He is in charge of VAT payments mate, he’s a whizz at it apparently. 4 Share this post Link to post Share on other sites
idanthyrsus 96 Posted July 24, 2022 (edited) 20 hours ago, Diamondboy said: He is in charge of VAT payments mate, he’s a whizz at it apparently. Except there was enough funds in the club to pay the vat until rob spent it on something else. You can see 100k going out after Rob took control. Vat is always paid in arrears Edited July 24, 2022 by idanthyrsus 1 Share this post Link to post Share on other sites
Diamondboy 677 Posted July 24, 2022 2 hours ago, idanthyrsus said: Except there was enough funds in the club to pay the vat until rob spent it on something else. You can see 100k going out after Rob took control. Vat is always paid in arrears You are way off the mark here, in fact a different planet, have you actually read this and other Newcastle threads from the start? 2 Share this post Link to post Share on other sites
King Jamie 356 Posted July 24, 2022 2 hours ago, idanthyrsus said: Except there was enough funds in the club to pay the vat until rob spent it on something else. You can see 100k going out after Rob took control. I don't think that's correct. The last set of accounts prior to the liquidation process kicking in was the year to 30 November 2018. At that point, the net assets were £25,562 but, as the issued ordinary share capital was £100K, the remaining reserves amounted to £(74,438). This is most likely the profit and loss account reserve but no detail of the split is provided, as they're micro-entity accounts (pretty useless in all honesty). The next thing we know, the company is facing an HMRC liability of £158K, following an investigation of the period prior to Rob Grant taking control. This would have been more than enough to wipe out the £25,562 net assets, even if it consisted wholly of cash / bank (which it probably wasn't, as current assets at 30 November 2018 were only £33,696 and most likely included stock and debtors). The liquidator issued a Statement of Affairs, showing assets with an apparent market value of just £500. This was cancelled out by a creditor of the same amount. The bottom line of this statement showed net liabilities of just over £258K (£158K to HMRC and £100K ordinary share capital, all owned by Rob Grant). By the time it came to the liquidator's final report being published (around 8 months later), only a further £2,684.92 of assets had been realised, all of which was swallowed up by professional fees. Both HMRC and the ordinary shareholders received £Nil, as there was nothing left in the pot. Bottom line is Rob didn't "spend it on something else". 4 Share this post Link to post Share on other sites
Rotfs 26 Posted July 24, 2022 (edited) On 7/22/2022 at 7:00 PM, Fortythirtyeight said: As he has been for most of the season only this time he was co- sponsor of the meeting and there in official capacity as part of the SCB, and no, he had nothing to do with the deal. Couldn't pay his Vat bill but can Co sponsor another tracks meeting. Does pose the question where the monies come from? Always seemed to be on holiday/cruises if memory serves. Edited July 25, 2022 by Rotfs N/A Share this post Link to post Share on other sites
soupy 556 Posted July 24, 2022 29 minutes ago, Rotfs said: Couldn't pay his Vat bill but can Co sponsor another tracks meeting. Does pose the question where the monies come from? Always seemed to be on holiday/cruises if memory serves. Yes but as THJ pointed out he had a decent job. 1 Share this post Link to post Share on other sites
szkocjasid 3,021 Posted July 24, 2022 On 7/22/2022 at 11:12 PM, phillipsr said: Dont care either way actually felt sorry for him last year and thought what Newcastle did to him was disgraceful!! I just didnt see the reason for Redcar to spend money acquire him is all hes still a fair way off NL HL level let alone Championship so no money coming in for loans etc but as someone said above Redcar are trying to get a asset base going so good for them Totally agree with you, don't see it as a clever move signing up Freeman. Showed promise with Armadale, but has gone backwards in a weaker NL this year with Belle Vue! Share this post Link to post Share on other sites
Justgotmecpc 1,059 Posted July 25, 2022 (edited) 9 hours ago, szkocjasid said: Totally agree with you, don't see it as a clever move signing up Freeman. Showed promise with Armadale, but has gone backwards in a weaker NL this year with Belle Vue! Agree with your statement but the lad is struggling with backroom staff at the moment !! It's hard to get a decent spanner man/women these days to help out at all the meetings as people who work full time find it hard to get the time off to help him out... Hopefully next season his now new parent club Redcar will be able to help out & give him more track time which is needed & then his true potential will start to shine Edited July 25, 2022 by Justgotmecpc Share this post Link to post Share on other sites
allthegearbutnaeidea 1,734 Posted July 26, 2022 On 7/25/2022 at 9:42 AM, Justgotmecpc said: Agree with your statement but the lad is struggling with backroom staff at the moment !! It's hard to get a decent spanner man/women these days to help out at all the meetings as people who work full time find it hard to get the time off to help him out... Hopefully next season his now new parent club Redcar will be able to help out & give him more track time which is needed & then his true potential will start to shine back room staff??? He’s a NL reserve scoring 1’s and 2’s Share this post Link to post Share on other sites
Justgotmecpc 1,059 Posted July 26, 2022 1 hour ago, allthegearbutnaeidea said: back room staff??? He’s a NL reserve scoring 1’s and 2’s Still needs a spanner man/women to help him tho Share this post Link to post Share on other sites
Justgotmecpc 1,059 Posted July 26, 2022 1 hour ago, allthegearbutnaeidea said: back room staff??? He’s a NL reserve scoring 1’s and 2’s He done ok with armadale last season as he had the help & he's struggling a bit this season !! Maybe to many chiefs around him at belle Vue ( I don't know) but hopefully he gets back to scoring points soon.. Share this post Link to post Share on other sites