The new owners, Mike and Sue Pack along with Rick Strachan, who served as head coach through the end of the 2008–09 season, came with a promise of financial stability.

The initial challenge for the club was to re-establish the belief that the Hull Arena could host a team playing professional hockey at all, following a previous history of failed attempts, some valiant and some best forgotten.

Alongside him the Ukrainian contingent included a guy who made a huge impact for his never say die attitude and innovative use of the six words of English that he had mastered, fans favourite Evgeny Alipov – 'Big Al'.

So the foundation was in place and with the first objective of stability secured and confidence building, the club entered the next season in the BNL keen to apply the lessons learnt and to start to climb the ratings.

Coach Strachan brought in Scott Wray, Jeff Glowa, Craig Minard and Ladislav Kudrna in nets to join Alipov, Nikolaev, Burgess, Gomenyuk as his eight import contingent and with a strong British content including Slava Koulikov, and the Phillips brothers, hopes were high.

Amazingly it could have been even better had star defenceman Minard decided not to quit the club in November leaving a young British defence to be marshalled by Gomenyuk.

Although the Stingrays had to endure a couple of bad losses during this competition they also achieved memorable victories over Coventry, London and Sheffield at home, and also took the points off Cardiff on the road.

This led the Stingrays, along with fellow former BNL members Bracknell Bees and Guildford Flames, to move to the English Premier Ice Hockey League.

The Stingrays had a tough start to their life in the EIHL as they fought to the death for a playoff place, eventually finishing 9th as their decision to opt with a mix of their old Eastern European style with several Canadians ultimately did not pay off.

This means that it is a non-profit making organisation dedicated to providing services and facilities to the community in which it operates, that being, Hull, Humberside and the East Riding.

Stingrays co-owners Sue and Mike Pack cited financial reasons for the departure of Strachan, who was eventually replaced by Sylvain Cloutier on 9 April 2009.

Shortly before the 2010–11 EIHL season was about to begin, club owners Mike and Sue Pack announced the team was to no longer operate due to financial issues.

They beat every team in the league except for the Cardiff Devils at least once, including a spectacular 6–1 victory over the Nottingham Panthers in the final game of the regular season.