Birmingham Brummies Limited (07797533): administration
- Status
- Administration ended
- Administration began
- 2014-07-16
- Administrators
- Eileen Theresa Francis Sale, Mark Elijah Thomas Bowen
- Administrators' firm
- PwC
- Incorporated
- 2011-10-05
- Location
- Droitwich
- Industry
- 93110 Operation of sports facilities
Why it went into administration
- Creditor pressure / legal action
- Competition / price pressure
- Weather / natural events
From the administrators' statement
Speedway is a national and international sport In the UK, speedway Is split into three leagues, the National League (tier 3), the Premier League (tier 2) and the Elite League Leading riders from around the world compete in the Elite League and the Elite League enjoys a regular showing on Sky Sports television most weeks There Is also coverage of Grand Prix and world cups on Eurosport
t have been following speedway for sixty years since my childhood At the end of the 2011 season, the first in the Elite League for Birmingham, the team finished second from bottom Previously, since it was bought back in 2007 by Tony Mole after an absence of thirty years, the team competed in the Premier League fairly successfully Mole did try and offload the club previously and leased it to Gary Patchett who left at the end of the season leaving a trail of debt Mole retook control of the club employing Graham Drury as its manager during his tenure
Mole made a decision to sell the club after the 2011 season ended | was and still am finance director of BCTG Limited, an Oldbury based training company with a turnover in excess of £10 million Ouring a board meeting, | casually mentioned to the other director Chris Luty that | had heard the club was up for sale Surprisingly, my co director suggested we make further enquiries as he saw the speedway as an opportunity to expand the marketing of BCTG WE met with the owner Mole, agreed terms and bought
Administrators' statement of proposals (2014-09-11) · Companies House register