“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.”
More top news
A charity shop in Framlingham Suffolk has been inundated with Ed Sheeran fans today keen to grab an item of his clothing.
This evening will start mainly dry but cloud will then thicken as outbreaks of rain spread east later in the night. Lows of 12 deg C
This afternoon staying dry and warm despite a strong breeze in places, especially along the coast. Highs of 24 degrees.