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It would be fair to presume that the purpose of Speedway futures is to create income for UK speedway - although it is not clear exactly which divisions/teams are the targeted beneficiaries. It’s reasonable to expect that the folk who are involved in successfully creating revenues for clubs would be entitled to receive compensation/pay for their efforts aka the CEO & his team. Don’t expect for one moment that Harry R will be joining the team gratis free. As for shareholders, they do not receive a share of the income proportionate to their shareholding. At best they receive a dividend of the profits after all costs are accounted for including the disbursements of raised funds to the clubs/leagues concerned.
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By PotteringAround · Posted
I haven't done any counting up myself, but I'm taking the word of people on here that the BSPL hold 32,000 of the 50,000 shares in this mysterious "Speedway Futures Ltd". That would appear to mean that the BSPL own 64% of the company, and these unknown people own 36%. So if these people were to sign a TV deal for £10M over 5 years, these people will be creaming off £3.6M for themselves? That's a worse deal than when Terry Russell helped himself to a cool million from the £5M Sky deal. I wonder, how much did these people pay to acquire 36% of all the sport's media income?
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