King's Lynn Stars have transfer-listed popular racer Kevin Doolan.

Club officials confirmed on Friday afternoon the Aussie will not return to the Norfolk Arena for 2011 after failing to agree personal terms.

The Stars released a statement following mounting speculation which confirmed they had wanted Doolan to return after an injury-hit campaign.

The statement read: 'Kevin insisted he needed a pay rise which equated to around a 30% increase over the whole season. He said it was because of his increasing costs but the club could simply not afford to meet that request, especially with such an unsteady economy and the fact I would like to see our admission prices remain the same for next season.

'So unfortunately we had to shake hands and part ways. In view of us not being able to afford Kevin next season the chances are we will probably never be able to afford him again so we have decided that if any other club want him it will be on a full transfer only.'

Chapman reiterated Doolan leaves Saddlebow on amicable terms but sounded a warning the Premier League faces a difficult financial future.

'I would be surprised if any Premier League club could afford to employ a rider on these sort of terms and if they can then I wonder what sort of business plan they have in place,' he said. 'The fact is that speedway's costs seem to be spiralling out of control but Stars' fans can be confident that the club will never put its future in the balance for the sake of one or two riders.'