tonyd Posted 4 hours ago Report Share Posted 4 hours ago Ok Sheffield and Ipswich clubs are up for sale but what exactly is for sale? As I see it its mostly material things as they cannot sell the riders as they are only under contract from March to October. Maybe the following ...... The club name Air Fence Safety Fence Several ton of used shale Track Maintenance equipment Track Licence possible the stadium lease to run speedway Goodwill ???? Apart from the above what is there? I cannot see sponsorship being in the deal unless the sponsor's agree to it as the original deal was struck with the clubs outgoing promoters. Also any incoming promoter will have to be approved by the BSPA and the stadium owners to agree they are suitable promoters and tenants. Or have I got this all wrong ??? 1 Quote Link to comment Share on other sites More sharing options...
THE DEAN MACHINE Posted 3 hours ago Report Share Posted 3 hours ago A shredding machine to put your hard earned cash straight into and what you have left the bspl will send their special magician round to mysteriously make it all disappear in to the pockets of the few, just incase some think I’m posting an in the know post, it’s just a bit of fun, you don’t get a shredding machine 1 3 Quote Link to comment Share on other sites More sharing options...
mikebv Posted 3 hours ago Report Share Posted 3 hours ago 19 minutes ago, tonyd said: Ok Sheffield and Ipswich clubs are up for sale but what exactly is for sale? As I see it its mostly material things as they cannot sell the riders as they are only under contract from March to October. Maybe the following ...... The club name Air Fence Safety Fence Several ton of used shale Track Maintenance equipment Track Licence possible the stadium lease to run speedway Goodwill ???? Apart from the above what is there? I cannot see sponsorship being in the deal unless the sponsor's agree to it as the original deal was struck with the clubs outgoing promoters. Also any incoming promoter will have to be approved by the BSPA and the stadium owners to agree they are suitable promoters and tenants. Or have I got this all wrong ??? A K-Tel Hits of the 70's Album? 1 3 Quote Link to comment Share on other sites More sharing options...
KK62 Posted 3 hours ago Report Share Posted 3 hours ago Every club will be slightly different but you are mostly correct depending on who or what owns the land/ stadium. The club ‘assets’ are the value such as the fittings. , air fence , starting gate, probably some structures solely used for speedway equipment and the like. Just be aware that not all track equipment will be owned by the club as a lot of sponsors and individuals provide machinery for the clubs use. The track name, licence, lease have no moneyterie value . Any new promoter has to be ‘approved’ by the BSPL ( dont think they have ever turned anybody away ) You are basicaly purchasing the ‘rights to run speedway’ at the venue . Quote Link to comment Share on other sites More sharing options...
Neila Posted 3 hours ago Report Share Posted 3 hours ago How to make a small fortune out of speedway? Start with a large fortune, buy / run a speedway club then if your lucky you end up with a small fortune or less 😃 Quote Link to comment Share on other sites More sharing options...
WembleyLion Posted 1 hour ago Report Share Posted 1 hour ago I suspect there are very few clubs these days that are worth much at all. A would be investor will usually need deep pockets as many have found out over the years. Quote Link to comment Share on other sites More sharing options...
Hawk127 Posted 1 hour ago Report Share Posted 1 hour ago The value of any club is questionable and depends who owns the track and stadia. To categorise what may be for sale, firstly you may have the assignment of the lease where a club rents the track but the landlord is unlikely to agree where the terms of which do not match the current lessee’s obligations. if you overcome the assignment issue then a sale in terms of assetS will be determined by a fair valuation of what is on the balance This will include the security deposit paid to the BSP, and a few other fixed assets and I suspect that rider contracts are not binding on transfer of the business ownership and the renewal thereof will be based on a number of factors. After the foregoing it is reality what is left in terms of fixed assets such as graders, air fence, track prep machinery and anything which one could consider as a fixed asset. Who really knows the value of a club/team/track but is a lot less that most sane people are willing to pay and notwithstanding the good will based partly on the supporters etc, no one would pay more than a £1.00. It is not a sound business proposition as it stands as the return on equity is nearly non existent. Maybe ideal for profitable corporations as an offsetting tax opportunity exercise but basically you would need to be as mad as Mar h hare to put money into a sport the way speedway is currently run 1 Quote Link to comment Share on other sites More sharing options...
IainB Posted 1 hour ago Report Share Posted 1 hour ago The valuation will also be effected by the strength of the sport as a whole and the number of clubs and divisions running in it. Look at the current F1 teams worth billions when just a few years ago they were about as attractive as Speedway clubs. Quote Link to comment Share on other sites More sharing options...
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