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By YeOldPitGate · Posted
Antti would be decent around Scunny Borke was shaping up as a promising youngster but that bad crash in 2024 really knocked him back any idea if he is fully fit now physically and mentally ? -
By Byker Biker · Posted
At this stage we don't know which company Mr Coleman will use although the events company was recently founded. We also don't know how these companies will be capitalised although lenders will want cross guarantees and covenants in place or a PG with Mr C. This doesn't make the business flush with cash but will be in a great position if it performs financially. If he is the new owner he is to be applauded for taking the risks. Don't get carried away with "loads a money" it's about the business end of matters. -
By YeOldPitGate · Posted
Hence the rumours around Woffy I guess he's possibly Englands greatest ever rider but personally I think his days at the very top are over plus he's coming back from horrific injuries, I don't like how he drops f bombs every thirty seconds when kids are potentially within earshot but on the flipside his courage and mental strength are something to be admired. Equally can't blame him for taking the wild card I just hope he stays safe and injury free for the coming year he's overdue a run without his body taking more knocks. -
Sorry, but that’s a ridiculous statement in relation to the Ipswich takeover. I have said before that if they complete the financial and legal due diligence in 6-8 weeks, then that would be some going. Just on the legals; Spedeworth will have a head lease with the ultimate owners and a sub lease with Louis. Both leases will have required a full legal review and the head lease may have restrictive covenants about who Spedeworth can sub let to and probably requires prior approval of the ultimate owner to any novation of an existing lease or creation of a new sub lease. I seem to remember reading somewhere, quite a while ago that the ultimate owner is the original Ipswich Speedway which if true means that entity was formed many years ago and may have a complex ownership structure e.g. some form of Trust structure and be governed by a Trust Deed, etc which would complicate decisions and approvals even more. The sale and purchase of a business is a complex and time consuming process.
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As long as the secretary to the board is a minor then he’s in … allegedly
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