Stuart Douglas, who was the club's main sponsor last season and who owns Duggo 7 - a London based film production company- has bought Arena Essex Speedway from Ronnie Russell.
This guarantees that the club will be staying at the Essex Speedway and in the Elite League next season.
Stuart Douglas spoke to the BBC London 94.9 Sunday Sport Show.
Click on the link below to listen to the interview:
A SILVER LINING FOR THE HAMMERS
Following weeks of discussions Arena Essex are delighted to announce that Len Silver will be part of their back room team.
Silver, who also promoted at Hackney in the 80’s, joins the Hammers as their Speedway Consultant with the brief to assist new owner Stuart Douglas with speedway matters relating to Arena Essex.
Len stated, “When Stuart Douglas approached me and asked me to come on board I was delighted to accept. I would like to see a healthy Arena Essex in speedway. It’ll be good for the sport and I also feel it will be mutually beneficial if speedway in Essex is popular again.”
“I must stress that in no way am I involved in any financial affairs at Arena Essex and contrary to reports I am not the co-promoter. All I will do is to advise Stuart in whatever he needs to do make Arena Essex Speedway a success. I will give him the benefit of my many years experience in speedway to help in any way I can. I believe that the club have found the perfect man to take them onto a new level. However, he will need the backing of his loyal band of supporters, as well as the new breed of fans he is hoping to attract, if he is to succeed.”
He went on to say “I would just like to re-assure the fans of Rye House that in no way would this new commitment with Arena Essex effect my existing business at Rye House. The Rockets are my number one priority and always will be.”
Owner Stuart Douglas added “Len is arguably the most experienced promoter in Britain, and is universally recognised as an honest businessman and a great bloke. He was my first promoter as a fan down at Rayleigh in the early 70's and it was almost like 'coming home' getting Len on board.
“We will marry his experience with my enthusiasm and hopefully this
will move us one step towards our many goals this season. Arena and Rye House will continue to have the healthy local competitive spirit and we may well go head to head this year for a good derby. I am thrilled with this move.”