Panthers need £5,000 to survive

Speedway news from the Peterborough Telegraph - peterboroughtoday.co.uk, @peterboroughtel on Twitter
Speedway news from the Peterborough Telegraph - peterboroughtoday.co.uk, @peterboroughtel on Twitter
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It’s do or die time for Peterborough Panthers.

The city speedway club are still approximately £5,000 short of their survival target with a deadline to declare their intention to race on in 2015 looming large.

Panthers officials were granted a stay of execution by the sport’s bosses at the recent British Speedway Promoters’ Association (BSPA) annual meeting. That runs out at the end of tomorrow (Friday).

But Ged Rathbone (above), who has spearheaded the rescue package with long-serving co-promoter Trevor Swales, remains upbeat that the required £40,000 figure can be met.

He said: “We are getting closer and closer all the time, but we are not there yet. Money is coming in by the hour and by the day and hopefully we can make it.

“We must notify the BSPA of our intention to run before the close of play tomorrow and I’m confident we will be able to do that. I’m not even contemplating failure.”

Coming up short would almost certainly lead to the closure of a club with a rich history stretching back to 1970.

Anyone keen to offer financial backing to Peterborough can do so by {mailto:pantherspledge2015@gmail.com|emailing pantherspledge2015@gmail.com|pantherspledge2015@gmail.com}.