With towns keen to cash in on the boom, Wolverhampton's stadium owners applied to the local council for a track to be re-built at the original site.

Australian Arthur Simcock set the ball rolling and was granted permission to promote a speedway in Wolverhampton and finally his dream came true on 14 October 1950.

[3] Officially founded again in 1951, the team would ride as the Wolverhampton Wasps and they were admitted into the 1951 Speedway National League Division Three.

The team, now called the Wolverhampton Wolves completed two solid seasons before securing their first silverware, winning the 1963 Provincial Speedway League.

[12] Olsen then left after the 1975 season and Wolves spent the remainder of the decade battling in the lower half of the league table standings.

[13] Hans Nielsen continued to impress topping the league averages in 1980[14] but the team struggled and costs increased, resulting in promoter Mike Parker putting the riders on the transfer list and dropping down a division for the 1981 season.

The Wolves team relied on two more American riders, Ronnie Correy and Sam's younger brother Charles Ermolenko, in addition to Englishman Graham Jones to seal the title from Bradford.

[18][19] The Wolves won the title for the second time in six years during the 1996 season, with Ronnie Correy being the sole survivor of the 1991 winning team.

The decade ended with a second place finish in the league standings before regaining champion status in the 2009 season, beating the Swindon Robins 95-90 on aggregate in the 2009 play-offs.

[22] Freddie Lindgren was the star of the 2009 team but veteran Peter Karlsson and 19-year-old rider Tai Woffinden both scored heavily.

The team became champions of the United Kingdom for the fifth time in 2016, beating the top of the table finishing Belle Vue Aces.