Oxford Stadium in deal with UK lender amid financial fears

A deal between the stadium and Bizcap Limited was announced on May 8, which will see the assignment of book debts to the lender based in London.

This means that Oxford Stadium’s outstanding customer invoices will be transferred to Bizcap UK in exchange for immediate cash flow.

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Part of a global non-bank business lending organisation, Bizcap UK says it specialises in offering “fast and flexible” funding to small and medium sized businesses.

This latest announcement comes amid reported financial challenges at the Sandy Lane stadium, which is over five months overdue on submitting its financial accounts to Companies House.

Oxford Stadium (Image: Oxford Speedway)

In April, Sports Information Services decided to stop covering greyhound racing at the stadium, due to financial difficulties, a decision which also impacted Oxford Speedway, a team that uses the venue.

However, last week Oxford Speedway said its long-term future at the BetGoodwin Oxford stadium was ‘secured’.

Jamie Courtenay, promoter for Oxford Speedway, said he was “delighted to confirm that following extensive negotiations the long-term future of Oxford Speedway at the BetGoodwin Oxford Stadium is secured”.

Kevin Boothby is the managing director of Oxford Stadium

Two new investors joined the team, both “major sponsors” since 2022 and “already a huge part of Oxford’s success story”.

In its latest accounts – which are to the end of 2023 – Oxford Stadium was found to have creditors worth £2,005,715 at the end of 2023, according a financial statement released at the end of 2024.

These are short-term liabilities that have to be paid within the 12 months after the accounts are dated.

Oxford Speedway legends Sam Masters and Scott Nicholls (Image: Steve Edmunds)

In its statement for the year to December 31, 2023, it listed £108,077 worth of trade creditors, £68,399 for taxation and social security, £23,180 on accruals and deferred income and £1,806,059 of other creditors.

The total was significantly more than the financial document lists for the end of 2022 when its short-term creditors was listed at £1,260,559.

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Its latest accounts – for the year end 2024 – are almost half a year late and the Government does charge private companies for late submission of accounts with the penalty possibly rising to £1,500 if the accounts remain absent.

Despite its reported financial difficulties Oxford Stadium is still running events and offering hospitality packages for 2026.

In 2022, the venue relaunched after a regeneration project which saw £1 million invested including into kennel and veterinary facilities.

More recently, it has been confirmed as a filming destination for Mobland, a “popular returning TV drama that follows the fates and fortunes of a London crime family” starring Pierce Brosnan.