The star rider is refusing to race for the crisis club again until he receives a backlog of pay understood to run into tens of thousands of pounds.

Beleagured Panthers owner Colin Horton told The Evening Telegraph yesterday that he could no longer afford to pay Andersen's contract and had offered him a drastically reduced deal to remain at the club.

Horton has also promised to honour Andersen's arrears, but the Danish star claims he has been left with no option other than to withhold his services with immediate effect.

Andersen hopes his Panthers career is not over but has taken this stance after growing tired of 'broken promises' from the club.

Andersen said: "I am withholding my services until the situation gets sorted and that is not something I wanted to have to do. What needs to happen now is very simple -– I have to be paid.

"My decision not to ride does not have anything to do with being offered a reduced contract, it is due to the fact I am owed so much money – some of which stretches back to the start of last season.

"I have been very supportive of Colin in the past when he has had problems. I know what he went through with the Oxford saga last year, but it has got to the stage now where the amount of money I'm owed is more than some people in regular jobs earn in a year.

"I understand that something has to give if the club is really struggling and I would have been prepared to discuss a revised contract if I wasn't owed so much money.

"But there is no point in doing that now – it doesn't matter what the deal says when you aren't getting paid at all.

"I have not had anywhere near as good a season over here as I expected and this is a big factor.

"It is hard to be 100 per cent motivated when it has reached the stage where it is costing me to race in England. I just can't understand why things have gone so wrong and I haven't heard a thing from Colin directly.

"I am not in a position where I cannot afford to live, but it is a matter of principle. It is about what's right and what's wrong.

"I hope it is not over like this but it looks to be the end for me. If that is the case, it is not the way I wanted to leave and I feel really sorry for the fans and my team-mates.

"I have been massively happy at Peterborough – I'm based two minutes away and love the track.

Related, 16 July 2008: Panthers are in crisis after takeover fails.

Bratley believes club has gone down the wrong road.