“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.”
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.
Four men from Ipswich have been sentenced for the robbery of a serving soldier in Ipswich.Read the full story ›
A former speedway rider, once rated as one of the best prospects in the country, has been jailed for his part in a gang attack on a serving soldier in Ipswich.
22-year-old Jerran Hart, who rode for Mildenhall and Ipswich, was given a three-and-half year sentence for the robbery of the 21-year-old.
Four men, aged between 20 and 26, were given prison sentences ranging from 30 months to three years and nine months.
They surrounded the soldier before robbing him of his phone and wallet and knocking him unconscious in Queens Way in June this year.
The former World Speedway Champion, Michael Lee, has been charged with rape.
Suffolk Police have confirmed that they've charged the 54 year old, from Worlington near Mildenhall, with two counts of rape, two of sexual assault, and one of assault occasioning actual bodily harm.
The offences are alleged to have taken place between June 2008 and December 2012 and relate to two women.
The former King's Lynn rider was crowned World Champion in 1980. He's now co-promoter of the Mildenhall Fen Tigers. He's due to appear before magistrates on 21 October.
King's Lynn Stars Speedway have received a boost to their play-off hopes after winning appeal over using a guest rider in the meeting against Peterborough.
Stars had 2 points deducted after the Speedway Control Board officer said Kozza Smith was ineligible to compete.
An appeal hearing this morning overturned the ruling. It means Stars are now just four points off the play-off places.
King's Lynn Stars have announced that team manager Rob Lyon has become co-promoter of Elite League speedway side.
Former Great Britain manager Lyon has headed the Norfolk Arena Club since 2005.
He said: “Buster (Chapman) had spoken to me about the possibility of becoming involved on the promotional side to ease the burden of the day-to-day running of the club.
“I was happy to accept, and I hope I can have a positive influence on not only Kings Lynn, but also speedway in general, as it is a difficult time in the sport for all concerned as we all know at the moment.”
Speedway fans are gathering at King's Lynn to say farewell to one the region's best known riders who is retiring.Read the full story ›
Mildenhall Fen Tigers will be celebrating winning a historic speedway Grand Slam tonight.
The side will be parading the National League Championship the Knock Out Cup and National Trophy in front of their own fans when they face Stoke in the final meeting of the season at their West Row stadium.