AGM UPDATE - OFFICIAL STATEMENT

Saturday December 01, 2007
BRITISH Speedway will roar into an exciting new era next March - with bosses predicting more competitive Leagues and promotion and relegation.

Elite League chiefs have introduced a new points limit to govern team strengths with the aim of providing a greater parity throughout the nine clubs.

Champions Coventry will defend their title against Belle Vue, Eastbourne, Ipswich, Lakeside, Peterborough, Poole, Swindon and Wolverhampton. Reading have elected to move into the Premier League.

Transfer speculation will increase with the new limit of 38.85 as clubs look to build their side with the aim of reaching the top four, and the top-flight play-offs.

The Premier League have welcomed Reading and have allowed Oxford a limited amount of time to try to secure a deal with their Cowley stadium landlords, the GRA for a return of senior racing to the city.

Scunthorpe have also been accepted, which means the League now has 17 certain starters, plus the hoped-for addition of Oxford.

The line-up reads: Berwick, Birmingham, Edinburgh, Glasgow, Isle of Wight, King's Lynn, Mildenhall, Newcastle, Newport, Oxford, Reading, Redcar, Rye House, Scunthorpe, Sheffield, Somerset, Stoke, Workington.

The Premier League points limit has been voted in at 41.5.

Promotion and relegation between the top two leagues will be introduced, with further details to be revealed at the culmination of the conference on Sunday.

Sheffield's Neil Machin has decided to end his time on Management Committee, and has been replaced by the vastly-experienced Alex Harkess of Edinburgh.

Pete Toogood remains Chairman for a fourth season, with Wolverhampton and Redcar chief Chris Van Straaten staying as vice-chairman, and other members Colin Pratt (Coventry) and Dave Pavitt (Isle of Wight) keep their seats.

The conference will end on Sunday, and a further statement, including the comments of chairman Toogood, will be issued that evening.

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