[3] The speedway team would be known as the Wasps and the promoters signed the likes of Alby Golden, Peter Vandenberg and Dick Bradley, who helped them to a creditable fourth place finish, in addition to winning the division 2 version of the Knockout Cup, when winning the Provincial League Knockout Cup during their debut season.

The following season Newport beat Somerset for the Severn Bridge trophy[citation needed] and the Hornets finished third in the National league, losing out on the title by points difference.

The Wasps last season ended with a trophy, they won the 2011 Premier League Knock-Out Cup defeating Glasgow in the final.

After a disagreement with the BSPA and ring wood raceway deciding not to follow up plans to run stock cars and destroying the previous fence the club was put up for sale but after talks with the only interested party, Phil Morris, an agreement could not be reached and on 17 February 2012 promoter Steve Mallett confirmed the club would fold with immediate effect.

[17] The club shortly after was vandalised and the victim of an arson attack which devastated the stadium leading to it being demolished and redeveloped by owners MCL and speedway was lost to the city once again.