Life doesn’t revolve around what ifs, the fact is last Saturday took place and nothing happened and the fact that the short track is happening today says all the insurance and relevant paperwork is still in place, it’s just foreign riders can’t earn a living there 

Very sad news - RIP Mike.  Sincere condolences to his family and friends.

So lets cut to the chase. The Management of Workington Speedway raced last weekend in the full knowledge that the Oerating Company had been "dissolved". What would have happened if god forbid any of the 14 riders had been injuerd or worse. Strictly speaking at an unlicensed Track as the BSPL registration, the Insurance and so many other factors are directly linked to the Limited Company operating the venue.    

You don’t dissolve companies just to “change it’s name”

I think, probably, all 3 would happen if there was enough money behind the ventures. All 3 are viable, but trying to do it on a 'shoe string', means it might or may not happen. If there was money in the sport, they never would have closed, even Plough Lane. 

Another reason why british speedway is made to look silly... name a RS like all the other teams have. Why should you get special allowance choosing riders for tracks?