[2][3] Isle of Wight speedway began in 1996, at the Smallbrook Stadium, when the team signed up as a founder member of the newly formed Conference League.

[6] However, in July the Premier League team Skegness Braves folded due to financial difficulties and the Smallbrook Stadium promotion stepped in to host the remainder of the fixtures.

[7] The team won their first silverware in 1998 after winning the Young Shield, an end of season event for the leading eight clubs in the league table.

In 2002, Adam Shields and Danny Bird won the Premier League Pairs Championship, held at Derwent Park on 19 July[9][10] and the following season in 2003, the club won their best honour to date, when winning the Premier League Knockout Cup.

During the 2007 Premier League speedway season, the team reached the play offs and won both the Pairs (Chris Holder and Jason Bunyan beat Glasgow in the final)[11] and Fours Championships (Holder, Bunyan, Krzysztof Stojanowski, Glen Phillips and Cory Gathercole).