IainB Posted 14 hours ago Report Share Posted 14 hours ago Was it Ken Bates that bought Chelsea for £1? That's probably the ball park for most Speedway clubs. Quote Link to comment Share on other sites More sharing options...
FAST GATER Posted 2 hours ago Report Share Posted 2 hours ago On 11/22/2025 at 9:55 PM, Hawk127 said: 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 Excellent analysis this was exactly the position when we looked at purchasing a club in the 70's "you are buying smoke " you haven't touched on the the most costly non asset element the RIDERS ! Quote Link to comment Share on other sites More sharing options...
FAST GATER Posted 1 hour ago Report Share Posted 1 hour ago 14 hours ago, proud panther said: I wish you was right, as my business is going up for sale next year. I can assure you after speaking to a lot of professional people, that nobody has valued my business anywhere near those figures. Between 8 and 10 times( to value a business) is what I normally work on as rule of thumb freehold /long lease have a significant effect neither of these factors apply to many speedway teams . Quote Link to comment Share on other sites More sharing options...
FAST GATER Posted 1 hour ago Report Share Posted 1 hour ago 12 hours ago, IainB said: Was it Ken Bates that bought Chelsea for £1? That's probably the ball park for most Speedway clubs. Still seems expensive for a Mill Stone ! Quote Link to comment Share on other sites More sharing options...
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