The British Speedway Promoters Associaton have released a statement saying that a deal has not been reached between them, Coventry and Peterborough Panthers and the season will start without them.
The statement is as follows:
"The BSPA is disappointed to announce that it has been unable to resolve the ongoing dispute with Coventry and Peterborough on an amicable basis.
The BSPA made an offer to both Coventry and Peterborough on 31 January 2011 which would have seen them both resume their membership of the Elite League with immediate effect.
The offer would also have permitted both Coventry and Peterborough to continue with their proposed legal action, including claims for compensation if they suffer any losses. That offer was rejected.
From the point of view of the sport it is disappointing that both Coventry and Peterborough would rather walk away from participation in the 2011 Elite League than accept an open offer to resume their membership, particularly as they could have done so without prejudice to their proposed legal action.
Given the proximity of the new season the BSPA has been left with no alternative but to finalise arrangements for the 2011 season without Coventry and Peterborough. In this regard the fixture list will be published shortly."