2013 Rd8 Mallory Park WTF

[skidlids]

Following Mallory Park operators going into administration today, Hottrax have put out the following announcement

MALLORY PARK

Mallory Park has anounced today that it has gone into receivership.

Our final meeting on 6th October has been cancelled by the official receiver to Mallory Park.
We are working on a solution and will notify people as soon as we can

We are very sorry for the inconvienience caused

Bike Sport News have also reported about Mallory going into administration on their website
http://www.bikesportnews.com/news-detail.cfm?newstitle=Mallory-Park-Motorsport-forced-into-administration&newsid=10595

[Ray]

Full Statement from MPML



MALLORY PARK MOTORSPORT LIMITED TO BE PUT INTO ADMINISTRATION

It is with great regret that Mallory Park Motorsport Limited has today announced that the company has been put into Administration.

Mallory Park has been operating as a motorcycle and car race circuit for many years and has much history attaching to the circuit. In 1985 a highly restrictive Noise Notice was attached to Mallory Park Motorsport Limited ('MPML') embracing all circuit activities but, significantly, a number of the provisions within the Notice were very much open to interpretation.

MPML has enjoyed a long and fruitful relationship with Hinckley & Bosworth Borough Council over the years and a level of understanding had been established to work within the 1985 Notice. Regrettably, however, this arrangement was placed under scrutiny by local residents some of whom were new to the village, who made representations to HBBC to apply the rigid interpretation of the 1985 Notice.

MPML and the local authority worked extremely hard with the residents to find a compromise solution but, unfortunately, the council decided to prosecute MPML on five charges of the Notice during 2012 which involved operating on a Saturday over and above the four days agreed in the Notice. The court hearing took place in August 2013 and ruled that MPML was guilty of this breach on the five occasions, but MPML was given the right to take the establishment rights of the 1985 Notice to a higher court.

The immediate implication of the Court decision was to oblige MPML to observe the provision of the 1985 Notice, which allows only for 40 days racing on Sundays per annum (but with a dispensation to allow four Saturdays per annum) and testing on Wednesdays. MPML was accordingly obliged to cancel all track day operations, resulting in a significant loss of income (a situation also felt by local businesses and local employers) and use of the track for local community activities - young driver training etc. Overall, the imposition of such restrictions has inevitably led to MPML having a financially unstable business plan.

Following the Court case, MPML immediately implemented the highly restrictive conditions of the 1985 Notice, thus effectively reducing the circuit activity to two days per week. Significant losses were being incurred which no business can sustain. It was clear that a more dynamic approach needed to be taken to overcome the significant hurdles and two weeks ago MPML developed an innovative three stage Recovery Plan to take Mallory forwards which would hopefully meets the wishes of the residents and form the basis of a viable business.

Very constructive dialogue was held with the Leader of HBBC and senior officials and we were receiving very encouraging reactions from them to the Plan. A fundamental component of the Plan was the agreement of the Land Owner to reduce the annual lease rental, which had risen by over 40% over the last eight years and had reached untenable levels. Very regrettably, despite intense work by the MPML board, the Land Owner - Titan Properties Ltd - refused to make a substantive offer to allow the Recovery Plan to proceed.

British Automobile Racing Club were keen to support MPML (and did so up to the final race meeting yesterday by paying for certain essential supplies allowing the meeting to place) and indeed would have supported MPML to ensure all its trade creditors were paid. To that end, it needed the support of the Landlord with a sustainable rent but, regrettably, this was not possible to achieve.

Accordingly, having no firm visibility into 2014 and beyond, MPML directors had no option but to place the company into Administration.

The administrator, Ian Robert of Kingston Smith & Partners LLP, commented: “I will be working with all the stakeholders to ensure that Mallory Park will see racing again. I hope the administration process can assist in finding a solution which will be beneficial to all parties concerned.”

He continued: “To that end, I will be negotiating with the landlord and the council, with the support of the BARC, to ensure that racing can be enjoyed at Mallory Park for years to come. Although it is early days, I am hopeful that, once a solution to the lease is found, all of the company’s creditors should receive a substantial dividend, which I understand is very much the driving force behind the continued support of the BARC.”

[skidlids]

As Mallory has such a history going back decades maybe it should have a protected status to keep it from being developed on even if it can't be raced on, they do it with old buildings and historical sites to stop developers knocking them down or tearing them up

[wilco1975]

Totally agree with you kev so many memories for me growing up.
Way to much history for a house to be built on

[Ghost]

One of the guys I work with lives in Long Eaton, he said the speedway stadium was fenced off and left derelict for 15 years before they developed it.

[Si1208]

Latest update from Hottrax:
MALLORY PARK UPDATE - 1st October 11.23am

A circuit has just been made potentially available to us for this Sunday, we will be releasing details later today regarding the new venue for our final round of the Championships

More information to follow

[mark 999]

Fookin Pembrey.

:(

[Spjallen]

I'm not sure what i think about this situation. It clearly stated on the hottrax website and FB that the meeting wasn't going to hapen this weekend blah blah blah, now its going ahead after I've cancelled all the additional requirements - and if you dont go there is no refund!! **** up in a........ :eek:

[Ghost]

Fookin Pembrey.

:(

Same as Roxy. :(

[batesy2]

Same as Roxy. :(
Dont know why we put up with being treated like this,Hottrax need to think about that ,No refund ? !!!!!!!!!!

[banger san]

Dont know why we put up with being treated like this,Hottrax need to think about that ,No refund ? !!!!!!!!!!

treated like what, not Hottrax fault Mallory called in the administrators, could easily of washed there hands and drawn a line under the season. Personally I'd prefer a race meeting at Pembrey rather than nothing at all. If you look at their T&Cs (I haven't) they probably don't have to refund us if its out of their control, sh*t happens and they are on the receiving end just as much as we are.

If you don't like it pay on the day, that way it will always be your decision and only your fault if you lose out.

[Trumpet]

treated like what, not Hottrax fault Mallory called in the administrators, could easily of washed there hands and drawn a line under the season. Personally I'd prefer a race meeting at Pembrey rather than nothing at all. If you look at their T&Cs (I haven't) they probably don't have to refund us if its out of their control, sh*t happens and they are on the receiving end just as much as we are.

If you don't like it pay on the day, that way it will always be your decision and only your fault if you lose out.

Think you have a point, it's not Hottrax fault or of their making, and I am sure the T&C's do cover such an eventuality, however there is one basic comment: We have paid for something that is not now being supplied, we should not be obliged to take the alternative or just suck it up.I understand that Hottrax have worked really hard to provide an alternative, and have managed to get something organised at very short notice, but due to the new venue I cannot make it....looks like tough s**t for me then!

Just wish I could be there for the last race of the season, but cant do that sort of distance (11 hour drive each way) for one day:(

[Campo]

Yeah i don't fancy traveling down to pembray. I'd payed for mallory and booked a premier inn room for me and family the night before which won't do me a refund or transfer it to another premier inn nearer pembray. So I'm not sure what to do. I'd much rather have a refund or a credit to a Hottrax account for next season. No offence to pembray intended

[banger san]

Just wish I could be there for the last race of the season, but cant do that sort of distance (11 hour drive each way) for one day:(

I guess mallory was quite close for you at 8 hours each way LOL

[banger san]

Yeah i don't fancy traveling down to pembray. I'd payed for mallory and booked a premier inn room for me and family the night before which won't do me a refund or transfer it to another premier inn nearer pembray. So I'm not sure what to do. I'd much rather have a refund or a credit to a Hottrax account for next season. No offence to pembray intended

Hi Shane, same as, we booked Travelodge earlier in the season for 3 nights, argued down to one but won't be able to change again especially to a different place. Sometimes things go wrong but I would still rather be racing this weekend.

[Trumpet]

I guess mallory was quite close for you at 8 hours each way LOL

Not exactly on the doorstep i'll admit, but did have the benefit of having friends and family within an hour, so givin that it was only one days racing I could make a weekend of it and do some visiting, but hey I should have known, the toast always falls butter side down!

[skidlids]

Thanks to Mallory for dropping us in the s4it
Thanks to Pembrey for giving us a chance to race

Not ideal by any stretch of the imagination but better than diddly squat

Sorry to hear its just not going to be viable for some to make the switch and well done to those that can at such short notice.

As I posted on FB its very bad timing for us with the administrators getting called in 6 days before we were due to race at Mallory, shame they couldn't have put it off until the clocks changed

I had started thinking of going 30 miles up the road to Silverstone for the BSB shoot out, glad I didn't rush into it and book an advanced ticket on line.

[skidlids]

If you don't like it pay on the day, that way it will always be your decision and only your fault if you lose out.

And if everybody does it don't expect to have a DD race series for long as no club would give us our own grid space for zero entries, or 10 or 15 for that matter, we would end up either sharing a grid with other classes or not getting included in the meeting as DD

[numbskull]

It's only an extra 2 hours / 130 miles each way for me.

And i'm not even racing when I get there!!

[Spjallen]

Well I'm going too. Weathers good sat, not great Sunday but ok

[skidlids]

Well I'm going too. Weathers good sat, not great Sunday but ok


Might have to dial in a wet setting this time then, Wish I had at Brands, but due to the optimist in me I determined we would have a dry race and I could try and improve on my best DD time around there

[skidlids]

It's only an extra 2 hours / 130 miles each way for me.

And i'm not even racing when I get there!!

If you had a licence I have a bike :)

[coppersaucepipe]

I'm not going to make it. Too much stuff to catch up on at home :-(

[Spjallen]

Shame mate.