“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
It will be a dry and bright start to the Bank Holiday Weekend before heavy, showery rain arrives on Sunday.
Ipswich Town are closing in on Australian winger Tommy Oar and have also agreed a deal to sign Polish defender Piotr Malarczyk.
Most places will stay dry and bright today but the weekend offers more mixed weather