took Reading into the Elite League and changed the club name to the Reading Bulldogs. Their first season was a huge success on track as the Bulldogs narrowly missed out on the title, losing by a single point to Peterborough Panthers in the play-off final. The success on track wasn't mirrored off track, as crowds were on average around 650 people short of the 2,000 required each meeting to break even, the fact that Smallmead Stadium had no seen no real investment to its infrastructure since it was built was a key factor in this, although many fans also blamed the changing of the club nickname from Racers to Bulldogs, a move which had seen a number of the hardcore fans of the club boycott meetings as a protest. The majority of the successful 2006 team were retained for the 2007 season, but crowds dropped alarmingly, with some meetings being witnessed by less than 900 fans. This led to BSI deciding to put the club up for sale mid-season, which resulted in the club being purchased by Swindon-based businessman Mark Legg, who appointed ex-rider Malcolm Holloway as his co-promoter, with the astute Tim Sugar returning as Team Manager, whilst the club's press officer and webmaster Andy Povey was appointed to head up rider recruitment, marketing and commercial activities. It was confirmed at the time of the takeover that Reading would see out the remaining fixtures of the 2007 season in the Elite League. the club also reverted to their original Reading Racers name. the new promotion and new change had little effect on the crowds and the new owners lost a reported six figure sum in the space of four months. The club opted to drop a division to the Premier League in 2008, the season was a traumatic time on and off track for the club. Povey and Holloway's team building decisions proved disastrous, with only Dane Ulrich Østergaard's performances saving their blushes on numerous occasions. However performances on track were overshadowed by the news that the Smallmead Stadium lease expired in October 2008 and would not be renewed. A final farewell meeting was held on 19 October 2008, as a near capacity crowd of 3,200 including former Reading riders Anders Michanek, Jan Andersson, Bernie Leigh, John Davis, Richard May, Tony Olsson and Phil Morris witnessed Ulrich Ostergaard win the £3,000 winner's purse. Return In 2016 a group of