Peterborough Panthers 2023

[Sir Sidney 292]

1 hour ago, Sully said:

https://www.peterboroughtoday.co.uk/news/people/plans-for-car-storage-depot-at-east-of-england-showground-are-recommended-for-refusal-by-planning-chiefs-4366310

Interesting that the last part says  (my highlight)

'AEPG has previously said that the DHL car storage operation is a means for the venue to secure an income until two outline planning applications to build 1,500 homes and a leisure village on the Showground, which is owned by the East of England Agricultural Society, are considered by the council.

However, officers will tell councillors next week that a decision is not expected to be made on these applications in the near future.'

With any luck AEPG will run out of money before the applications are determined

I've queried with the Council why it has put a statement from AEPG about the loss of speedway on it's website as though it is fact, without clarifying that this does not represent the Council's view

AEPG Statement regarding Peterborough Panthers use of East of England Showground - Peterborough City Council

 

Update: quick response from the Council as follows

 

From: Communications <Communications@peterborough.gov.uk>
Sent: Tuesday, October 10, 2023 1:18 PM
Plng Control Enquiries <planningcontrol@peterborough.gov.uk>
Subject: Re: https://www.peterborough.gov.uk/news/aepg-statement-regarding-peterborough-panthers-use-of-east-of-england-showground

 

Hi xxxx,

 

We added the statement to the PCC website on request of the council's Leader Wayne Fitzgerald, who spoke about this issue during a recent ' Ask the Leader' session.

 

We will add a line to emphasise that this statement is APEG's view and not the councils.

 

Kind regards,

Ken.

 

 

Many thanks,

 

The Communications Team

Edited October 10, 2023 by Sir Sidney

[Crump99 4,476]

3 hours ago, Sully said:

https://www.peterboroughtoday.co.uk/news/people/plans-for-car-storage-depot-at-east-of-england-showground-are-recommended-for-refusal-by-planning-chiefs-4366310

"There have been a total of 152 public responses to the plans with 151 being objections" - if they throw a wobbly at that then AEPG's planning applications are at 1400, most of which are objections, and they think that they'll quickly iron out the issues raised. They'll need an additional planning application to store the steamrollers they'll need to smooth out their cock up!  

[Mick Bratley 478]

18 minutes ago, Crump99 said:

"There have been a total of 152 public responses to the plans with 151 being objections" - if they throw a wobbly at that then AEPG's planning applications are at 1400, most of which are objections, and they think that they'll quickly iron out the issues raised. They'll need an additional planning application to store the steamrollers they'll need to smooth out their cock up!  

They’ve backed themselves into a corner with their naivety and lack of experience. There is only one way this is going to end for them, they don’t know it yet, but they are a busted flush.

[Crump99 4,476]

27 minutes ago, Mick Bratley said:

They’ve backed themselves into a corner with their naivety and lack of experience. There is only one way this is going to end for them, they don’t know it yet, but they are a busted flush.

Butterfield allegedly said: "AEPG believe it is important for the community to be fully involved in the process" - if only that was true then they might not be in their current mess? Involving the community does not mean telling people what you've decided.

[Mick Bratley 478]

Just now, Crump99 said:

Butterfield allegedly said: "AEPG believe it is important for the community to be fully involved in the process" - if only that was true then they might not be in their current mess? Involving the community does not mean telling people what you've decided.

Indeed.

[Crump99 4,476]

8 hours ago, Sully said:

Cllr Julie Stevenson is worth a follow on Twitter. She’s shining a light on this whole issue on a regular basis and certainly making her feelings known about the panthers plight. 

Just been looking at her posts. Goods support from someone in the right place.

[Sully 274]

https://www.peterboroughtoday.co.uk/sport/other-sport/a-consortium-of-peterborough-panthers-fans-believe-they-can-buy-the-club-and-save-speedway-in-the-city-4367199

[TTT 1,229]

2 hours ago, Sully said:

https://www.peterboroughtoday.co.uk/sport/other-sport/a-consortium-of-peterborough-panthers-fans-believe-they-can-buy-the-club-and-save-speedway-in-the-city-4367199

This is 100% correct, No BS.

Buster needs to be reasonable for a change by agreeing a quick sale at a reasonable price in order to give the consortium the best chance going forwards, The guy has been a thorn in people's sides for far too long now.

Massive thank you goes out to those who are part of the consortium (You know who you are), Your effort and passion for the club hasn't gone unnoticed.

Edited October 11, 2023 by TTT

[JoeW436 597]

2 hours ago, TTT said:

This is 100% correct, No BS.

Buster needs to be reasonable for a change by agreeing a quick sale at a reasonable price in order to give the consortium the best chance going forwards, The guy has been a thorn in people's sides for far too long now.

Massive thank you goes out to those who are part of the consortium (You know who you are), Your effort and passion for the club hasn't gone unnoticed.

I can see some moving of the goalposts regarding the valuation of the club on the horizon already.

[Bald Bloke 3,287]

3 hours ago, TTT said:

This is 100% correct, No BS.

Buster needs to be reasonable for a change by agreeing a quick sale at a reasonable price in order to give the consortium the best chance going forwards, The guy has been a thorn in people's sides for far too long now.

Massive thank you goes out to those who are part of the consortium (You know who you are), Your effort and passion for the club hasn't gone unnoticed.

At first glance it looks like the club is worth what  the lights, air fence are worth. Should be an easy straightforward deal on the face of it. But, I did read on here several months ago, that there is something written in a contract( i think) that says that if the stadium was demolished, a new site and amenities would have to be provided? If that is the case, and it does eventually happen, Peterborough speedway will have a safe new stadium, and be worth a lot more money.. 

If this is correct, then unfortunately, the sale might drag on for a while yet?

 

[Sully 274]

18 minutes ago, Bald Bloke said:

At first glance it looks like the club is worth what  the lights, air fence are worth. Should be an easy straightforward deal on the face of it. But, I did read on here several months ago, that there is something written in a contract( i think) that says that if the stadium was demolished, a new site and amenities would have to be provided? If that is the case, and it does eventually happen, Peterborough speedway will have a safe new stadium, and be worth a lot more money.. 

If this is correct, then unfortunately, the sale might drag on for a while yet?

 

You’d be buying any equipment owned by “Peterborough speedway ltd” (lights, air fence, tractors? Etc) and the licence. Would a licence be the same value for any club regardless of circumstances?

[1 valve 558]

22 minutes ago, Bald Bloke said:

At first glance it looks like the club is worth what  the lights, air fence are worth. Should be an easy straightforward deal on the face of it. But, I did read on here several months ago, that there is something written in a contract( i think) that says that if the stadium was demolished, a new site and amenities would have to be provided? If that is the case, and it does eventually happen, Peterborough speedway will have a safe new stadium, and be worth a lot more money.. 

If this is correct, then unfortunately, the sale might drag on for a while yet?

 

On the matter of valuation. When it comes to an acquisition it will be necessary to determine if the intended purchase is that of a "going concern" or an "asset  purchase". If it is the latter then you are correct, it should be straightforward to reach an agreement of the value of the material assets in question.
However, the current owner is within his rights to regard this as a sale of a business (it is immaterial that it does not have a place to ply trade from) and as such the valuation of a going concern would be required(even if not currently trading). This will  then take into account both tangible and intangible assets.
Put another way, the current owner would not just be selling lights and a safety fence, but the club name, history and license to promote etc  and so should a place be found to ply the trade by the new owners then they would immediately benefit from the goodwill (intangible asset) involved i.e. the  supporter base, sponsors, Press relations to name a few.
The alternative being, amongst other things, buy new lights safety fence, track equipment find a place to trade (hold meetings) then apply for a promoters license for a new club using a new name. 

It will be interesting to see which way this matter goes. Maybe the current owner will wish to be charitable. 

Edited October 11, 2023 by 1 valve

[pleasureboy60 123]

2 minutes ago, Sully said:

You’d be buying any equipment owned by “Peterborough speedway ltd” (lights, air fence, tractors? Etc) and the licence. Would a licence be the same value for any club regardless of circumstances?

 Chapman doesn't want speedway at Peterborough, that's why he won't cooperate or sell. He wants Panthers supporters at Lynn next year.

[Sully 274]

1 minute ago, pleasureboy60 said:

 Chapman doesn't want speedway at Peterborough, that's why he won't cooperate or sell. He wants Panthers supporters at Lynn next year.

I’m no lover of buster and frustrated that this couldn’t have happened a while ago to give more time to try and reach a solution for next year, but I struggle to believe he actively wants the club to close. 

[Bald Bloke 3,287]

6 minutes ago, 1 valve said:

On the matter of valuation. When it comes to an acquisition it will be necessary to determine if the intended purchase is that of a "going concern" or an "asset only purchase purchase". If it is the latter then you are correct, it should be straightforward to reach an agreement of the value of the required material assets.
However, the current owner is almost certain to regard this as a sale of a business (it is immaterial that it does not have a place to ply trade from) and as such the valuation of a going concern (even if not currently trading) will take into account both tangible and intangible assets.
Put another way, the current owner would not just be selling lights and a safety fence, but the club name, history and license to promote etc  and so should a place be found to ply the trade then the new owners would immediately benefit from the goodwill (intangible asset) involved i.e. the  supporter base, sponsors, Press relations to name a few. The alternative being, amongst other things, buy new lights safety fence, track equipment find a place to trade (hold meetings) then apply for a promoters license for a new club using a new name. 
It will be interesting to see which way this matter goes.

Thanks. Put a lot better than i could