Neila Posted 19 hours ago Report Share Posted 19 hours ago Just to add to the above post the same applies for ALL speedway clubs . Quote Link to comment Share on other sites More sharing options...
Fromafar Posted 19 hours ago Report Share Posted 19 hours ago 47 minutes ago, SteelShoe said: Financially Speedway is about as far away from being transparent as you could get. Speedway clubs running as private limited comapanies are classed as micro entities ie small businesses. The accounts are abbreviated and unaudited as far as I understand it so they tell the lay person virtually nothing. There is no itemised income v expenditure breakdown. The lay person knows nothing and can't find out much about a clubs finances including, how much is raised in sponsorship, gate receipts, parking, programmes, food and drink as income streams or how much expenditure in the form of insurance, rent, rider wages ( rumoured to be too high at Championship level with current crowds ) medical cover costs, tyre costs and anything else I have missed. All in all it is about as transparent as mud. . Speedway Promotion summed up perfectly. Quote Link to comment Share on other sites More sharing options...
cometbaz Posted 3 hours ago Report Share Posted 3 hours ago Until championship speedway returns to a semi professional sport it will never be sustainable. How can our level of speedway be expected to finance flying riders around the world to ride. Leave that to the premiership and return our league to how things used to be when riders had jobs as well. Hardly a big ask when you're lucky if there are 4 meetings a month. 3 Quote Link to comment Share on other sites More sharing options...
geoff100 Posted 3 hours ago Report Share Posted 3 hours ago Cant fault drew and tate for effort last night the rest picked off far to easy! Hopefully better today. Quote Link to comment Share on other sites More sharing options...
King Jamie Posted 3 hours ago Report Share Posted 3 hours ago 16 hours ago, SteelShoe said: Financially Speedway is about as far away from being transparent as you could get. Speedway clubs running as private limited comapanies are classed as micro entities ie small businesses. The accounts are abbreviated and unaudited as far as I understand it so they tell the lay person virtually nothing. There is no itemised income v expenditure breakdown. The lay person knows nothing and can't find out much about a clubs finances including, how much is raised in sponsorship, gate receipts, parking, programmes, food and drink as income streams or how much expenditure in the form of insurance, rent, rider wages ( rumoured to be too high at Championship level with current crowds ) medical cover costs, tyre costs and anything else I have missed. All in all it is about as transparent as mud. . Thank you for highlighting this to people on here. Personally, I'm well aware of the above, having been an accountant since I left school, many, many, many moons ago. However, a lot of folk don't know about this stuff and it's always good to point it out. My post was referencing Workington's former operating company going to the wall after accounts weren't filed since 19canteen. Therefore, I was asking if the reason the present venture isn't in trouble at the moment is because the accounts aren't due yet. Perhaps I'm old fashioned and I just expect company officials to carry out their duties on time. Surely the same mistakes won't be repeated this time. That would be absolutely unforgivable. Good luck to the Comets 🙂 1 Quote Link to comment Share on other sites More sharing options...
YeOldPitGate Posted 1 hour ago Report Share Posted 1 hour ago Someone on updates was saying Andrew has ploughed over £600k into Worky from the start so you can't fault his heart and commitment if that is true. If this Poland and one other league situation in 2027 is true UK speedway will be forced into making some hard decision next year whether they like it or not. If the current second division ends up going back to the standard of the national league a few years back before the powers that be obliterated it, that could be a good thing. One old hand per team, 4-5 English youngsters and maybe a couple of young aussies like the lad at reserve for Berwick who are committed to being in the UK the full season could be the way forward. Whatever way you slice it if you can't get more punters/sponsors in through the door, the costs are going to need to come down by a third to a half. 1 Quote Link to comment Share on other sites More sharing options...
Woke23 Posted 3 minutes ago Report Share Posted 3 minutes ago 1 hour ago, YeOldPitGate said: Someone on updates was saying Andrew has ploughed over £600k into Worky from the start so you can't fault his heart and commitment if that is true. If this Poland and one other league situation in 2027 is true UK speedway will be forced into making some hard decision next year whether they like it or not. If the current second division ends up going back to the standard of the national league a few years back before the powers that be obliterated it, that could be a good thing. One old hand per team, 4-5 English youngsters and maybe a couple of young aussies like the lad at reserve for Berwick who are committed to being in the UK the full season could be the way forward. Whatever way you slice it if you can't get more punters/sponsors in through the door, the costs are going to need to come down by a third to a half. Ive also been thinking about ways that they could save the sport and reduce costs. More consistent fixtures would be a good start. Id also cap wages and, if the top dogs dont want to ride for that amount, let them go. I'd rather see current middle pack riders move up to no.1 than have no speedway at all. Quote Link to comment Share on other sites More sharing options...
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