Iversen has ridden for Oxford, Newport, Peterborough and Wolves

King's Lynn have started team building for their Elite League return by completing the signing of Danish rider Niels Kristian Iversen.

The 28-year-old ends his second spell at Peterborough Panthers after being the team's 2010 captain.

Iversen, a team World Cup winner, started his British speedway career at King's Lynn in 2001.

"I have a lot of fond memories of King's Lynn and love the speed and shape of the track," he said.

"Buster [Chapman, co-promoter] and Rob [Lyon, manager] are great guys and I am extremely excited about being part of the team and proud to be the club's first signing for 2011.

He is such a nice guy and after half an hour with him we quickly came to a deal King's Lynn co-promoter Buster Chapman

"I am sure we will all enjoy a very successful year."

Chapman added: "It must have been hard for Niels to find out that he would no longer have a team place at Peterborough through no fault of his own.

"But he is such a nice guy and after half an hour with him we quickly came to a deal that proved to me what I have long believed about the majority of riders - racing is about the thrill and ambition and not about the money."

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