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Mole digs down into Brum financial plan; SPEEDWAY.

Byline: Nigel Pearson

TONY Mole, the man leading a business plan to bring speedway back to Birmingham, insists hopes are still high the Brummies will be back on track next March.

Mole has stepped in to purchase track equipment from the administrators handling the sale following the collapse of the Alan and Charles Phillips promotion, which saw the club fold in July.

Now he has a series of meetings planned over the next few days to establish interest from potential investors to form a consortium.

And he says stadium landlords, the GRA, remain keen to see the sport return to Perry Barr - despite being left with unpaid rent twice in five seasons.

"It's better than 50/50 at this stage, I'm cautiously optimistic," said Mole. "I don't want to build up people's hopes too much, but I am hoping to be able to make a presentation to the management committee of the British Speedway Promoters' Association in the near future. "I have a series of meetings still in the pipeline and I am very much hoping these will help us reach our target to enable us to apply for membership to one of the senior leagues.

"All this is subject to things falling into place when it comes to the financial structure of the club.

"Once that is in order we can press the green light, I will not press ahead without the confidence we can ensure it is a viable business."

Mole says he is pleased to maintain a good relationship with the GRA at Perry Barr - and they are keen to see the sport back there in 2015.

He said: "I'm very pleased they still want the sport because they could have turned their back on it after they have been let down in the past. They are comfortable dealing with me, they know our financial agreements will be honoured and we have a good relationship.

"What level of the sport we would be looking at remains to be seen, I cannot say for certain at this stage so we will just have to see how things work out."

CAPTION(S):

Tony Mole is 'cautiously optimistic' the Brummies will return to racing at Perry Barr for the 2015 campaign Tony Mole is 'cautiously optimistic' the Brummies will return to racing at Perry Barr for the 2015 campaign |

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Publication:Birmingham Mail (England)
Date:Oct 16, 2014
Words:389
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