A month ago there was real concern over the Peterborough Panthers Speedway club after they were put up for sale.
They've also lost their place in the top division, the Elite League, but thankfully a new consortium has been formed to save the club.
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Fans of Peterborough Panthers have been reacting to the news that their club is to quit British speedway.
They've been talking on the club's Facebook page, with many upset that their time in the Elite League is to come to an end.
Danish speedway star Kenneth Bjerre has expressed his sadness at the news that the Peterborough Panthers are to close.
The Panthers skipper has enjoyed three separate spells with the club, but will have to ride elsewhere next season.
It's been announced that Peterborough Panthers speedway club are to close down after owners Rick Frost and Julie Mahoney confirmed that the club will not be competing in next season's Elite League.
The news will end a 44 year stay in speedway's top flight for the Panthers, with serious financial concerns being blamed for the closure.
The Panthers will be replaced by Leicester Lions in the Elite League next season.
The club could still compete at a lower level in future years if new owners can be found.