Peterborough Panthers owners Rick Frost and Julie Mahoney have released a statement on the club's official website, explaining their reasons calling time on the club's top flight future.
“This was a very difficult decision to make, having put our heart and soul into Peterborough Speedway for over five years.
“We faced several problems, primarily the conclusion of the five years of the Readypower sponsorship, and without another team sponsor coming in or a firm TV deal, we couldn’t commit ourselves to another year not knowing where we would stand financially.
“We must say a big thank-you to everyone for the last five years – riders, sponsors, supporters and everyone who has worked for us. They have all helped us along the way,and this was a very tough and sad decision to make.”
– Rick Frost and Julie Mahoney, Peterborough Panthers owners