When selling/buying a business as a going concern the balance sheet, although interesting is not the prime consideration. “Operating profit” is the figure used to value a business i.e the profit made before accounting for interest and tax. In some instances depreciation is also excluded.  Depending on the likely growth prospects a multiplier of between 4x (poor) & 8x (good) of the operating profit would be used to value the business.  Using your calculation, it would appear Louis is asking £200k for his business so using a moderate 6x multiplier it would indicate an annual profit (before tax & interest) of £33k. This would yield a gross return of 16.6% on the £200k investment which appears about right considering the state of UK speedway and the risk of investing in a volatile industry. 

I remember going to a meeting at Newport after the Cardiff GP and he had a big off going into the solid fence off turn 4 back first, don't think he was the same for a while after that.

brilliant used to watch that when i came home from school to have my dinner. used to walk to school a mile in morning a mile back for home cooked dinner, mile back to school , then mile back home for tea, then play outside till 9 clock. them were the days used to dream about being a speedway rider, hated the school bit though. 

If not Klima then how about Declan Kennedy (4.63) at number 6?

Hope so, it will be about time they showed some consideration to the fans.

Hope you’re right, been a long ass process for decisions to be made and communicated!