SORAC and the New Rink
- Thread starter SORAC
- Start date
I think they worry that a co-op would be all hippy and stuff - and more seriously be hung up in internal red tape, bureaucracy and people attempting to build little power bases for themselves.
It can easily happen in small voluntary groups.
There is maybe a way forward. Social Enterprise - a co-op without being a full co-op. Appoint management, who run the business day to day, share holders then have the ability to remove from office, or vote upon the direction that the business takes.
But, fundamentally it would be a business like any other. Except it would be not for profit.
Going off on one a sec - hold onBut being a not for profit social business doesn't mean that there is no profit generated, or that the business must run at a loss or off donations - rather, the profits aren't given out to the directors/shareholders. If we were to take over the tent, prices would be reviewed, but maybe not change. Rather, the derived profits would be available to reinvest in the tent, new arena, new rink in Bridgend. In some ways it is what British Ice Sports need to grow - a business who is interested in building rinks that can be self sustaining, but aren't actually looking to make them money machines. Break even, or just a bit better would be more than good enough - but for most companies that would be a suicidal model.
So, I am way in the Social Enterprise to build a Cardiff Ice Arena complex. I'm sure if it had a robust board, without a huge amount of bureaucracy then the Council would probably be with it as well - at least they could be sure in an operator that would put the ice users and the facility first.
It can easily happen in small voluntary groups.
There is maybe a way forward. Social Enterprise - a co-op without being a full co-op. Appoint management, who run the business day to day, share holders then have the ability to remove from office, or vote upon the direction that the business takes.
But, fundamentally it would be a business like any other. Except it would be not for profit.
Going off on one a sec - hold onBut being a not for profit social business doesn't mean that there is no profit generated, or that the business must run at a loss or off donations - rather, the profits aren't given out to the directors/shareholders. If we were to take over the tent, prices would be reviewed, but maybe not change. Rather, the derived profits would be available to reinvest in the tent, new arena, new rink in Bridgend. In some ways it is what British Ice Sports need to grow - a business who is interested in building rinks that can be self sustaining, but aren't actually looking to make them money machines. Break even, or just a bit better would be more than good enough - but for most companies that would be a suicidal model.
So, I am way in the Social Enterprise to build a Cardiff Ice Arena complex. I'm sure if it had a robust board, without a huge amount of bureaucracy then the Council would probably be with it as well - at least they could be sure in an operator that would put the ice users and the facility first.
Such a bid would not get past the financial checks that have to be made before a tender can be considered.
As I have said before I am a supporter of group ownership for the Devils. Such a group would more than likely have enough of a financial clout to secure the rights to build a new rink.
There are potential investors out there but now much more wary of who they get into bed with.
A number of people appear to be under the impression that I am still involved in Sorac.I would like to make it clear that I withdrew from Sorac several years ago due increased rugby commitments.
All credit and recognition for Sorac's recent successes must go to Jodysstillagirlsname, Wannabe2 and their colleagues.
All credit and recognition for Sorac's recent successes must go to Jodysstillagirlsname, Wannabe2 and their colleagues.
If Ragan was the so called reserve bidder - by that I mean he was the middle bidder in a tender of 3 - where was he getting he funding from for such a proposed 2 rink arena? I ask that as he seems to be telling us that he suffered a great loss last season, his business was poorly run and managed, and he is being extra careful this season. what would he have done if he had won the bid and had actually started the works as they were supposed to in February of this year?
