PETERBOROUGH owners Rick Frost and Julie Mahoney have regrettably confirmed they will not be running speedway at the East of England Showground next season.
The Readypower Panthers were absent from the list of declared starters for 2014 as issued by the BSPA following the conclusion of the sport’s three-day AGM, and the club has now been put up for sale.
Julie Mahoney said: “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.
“Without a confirmed TV contract we had nothing to offer to a team sponsor at the level we would need one to come in at.
“I’m very sad about it – everyone knows at times we’ve become disillusioned along the way, but this isn’t the time to go into that.
“We’ve put a heck of a lot of time and effort, not to mention money, into it and I don’t know where we could take it now – it’s sad and unfortunate that we’ve got to this point but there has to come a time where you have to say enough.
“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.”
The BSPA’s official statement confirms that there is still the opportunity for a Panthers team to take to the track in 2014, and the outgoing owners are willing to talk to anyone interested in purchasing the club.
Mahoney added: “Obviously both ourselves and the BSPA have left the door open should someone want to come in. We would be happy to talk to any interested parties, on whatever level.
“Anyone who wants to contact us about continuing speedway is welcome to do so, and naturally there are no debts whatsoever – everyone is paid up to date and we don’t owe a penny, so anybody coming in would not be taking on any debts.
“We’re willing to have a conversation with anybody who has got any suggestions about taking the club forward.”