NEWCASTLE will race on in the Championship next season under the new ownership of former Diamonds rider Rob Grant Jnr.
Grant is an experienced figure at Brough Park with involvement in greyhound operations there, and he has confirmed George English is set to continue as co-promoter and team manager.
Former Stoke chief Dave Tattum is also on board for the new venture, whilst Andrew Dalby remains as financial adviser and secretary.
Grant said: "From my outlook it seemed the future for the Diamonds was looking really bleak, so it didn't take long for me to think it through and make a move to take the reins myself.
"Negotiations went as smooth as you like, so now I cannot wait to get on to action all the plans I have for our 2020 Championship campaign.
"I've done my sums, and when I say I've come in to take up the mantle for the 91st anniversary, it's my full intention to be planning in nine years' time for the club's 100th anniversary!
"I'm not in this for the short haul and I'm determined to make this thrive. I have some fine contacts in the local commerce world and will be talking speedway to many of them with the sole view of making the Diamonds secure for the long-term future."