1992 British League Division Two season
The 1992 British League Division Two season was contested as the second division of Speedway in the United Kingdom.
Summary
Berwick dropped down from division 1 but the league lost two teams with Mildenhall Fen Tigers and Milton Keynes Knights both withdrawing from the league in June and their results were expunged. Mildenhall however did complete their Gold Cup fixtures. The BSPA withdrew the Milton Keynes speedway licence following complaints over the state of the track and several days later on 24 June, the club was wound-up.The title was won by the Peterborough Panthers.
The season had a sad end when on 13 September Wayne Garratt crashed riding for Newcastle Diamonds against Peterborough. He suffered a brain injury and was placed on a life support machine but died 15 days later.
British League Division Two Knockout Cup
The 1992 British League Division Two Knockout Cup was the 25th edition of the Knockout Cup for tier two teams. Peterborough Panthers were the winners of the competition.First round
| Date | Team one | Score | Team two |
| 28/06 | Glasgow | 39-51 | Edinburgh |
| 15/08 | Stoke | 59-31 | Exeter |
| 29/06 | Exeter | 58-32 | Stoke |
| 27/05 | Long Eaton | 49-41 | Peterborough |
| 25/05 | Peterborough | 57-33 | Long Eaton |
| 08/05 | Edinburgh | 58-32 | Glasgow |
Quarter-finals
| Date | Team one | Score | Team two |
| 31/08 | Berwick | 52-38 | Stoke |
| 31/08 | Peterborough | 58-32 | Edinburgh |
| 29/08 | Stoke | 49-41 | Berwick |
| 14/08 | Edinburgh | 50-40 | Peterborough |
| 31/05 | Newcastle | 53-36 | Middlesbrough |
| 28/05 | Middlesbrough | 46-43 | Newcastle |
Semi-finals
| Date | Team one | Score | Team two |
| 10/10 | Berwick | 53-37 | Rye House |
| 27/09 | Rye House | 60-28 | Berwick |
| 13/09 | Newcastle | 49-41 | Peterborough |
| 11/09 | Peterborough | 49-41 | Newcastle |
| 09/10 replay | Peterborough | 51-39 | Newcastle |
| 04/10 replay | Newcastle | 44-46 | Peterborough |
Final
First leg
Second leg
Peterborough were declared Knockout Cup Champions, winning on aggregate 99–81.
Gold Cup
North Group| Pos | Team | P | W | D | L | Pts |
| 1 | Newcastle | 10 | 8 | 1 | 1 | 17 |
| 2 | Berwick | 10 | 6 | 0 | 4 | 12 |
| 3 | Sheffield | 10 | 5 | 0 | 5 | 10 |
| 4 | Middlesbrough | 10 | 4 | 0 | 6 | 8 |
| 5 | Edinburgh | 10 | 3 | 1 | 6 | 7 |
| 6 | Glasgow | 10 | 3 | 0 | 7 | 6 |
South Group
| Pos | Team | P | W | D | L | Pts |
| 1 | Stoke | 12 | 8 | 0 | 4 | 16 |
| 2 | Exeter | 12 | 7 | 0 | 5 | 14 |
| 3 | Peterborough | 12 | 7 | 0 | 5 | 14 |
| 4 | Mildenhall | 11 | 6 | 0 | 5 | 12 |
| 5 | Long Eaton | 11 | 5 | 0 | 6 | 10 |
| 6 | Rye House | 11 | 5 | 0 | 6 | 10 |
| 6 | Milton Keynes | 9 | 1 | 0 | 8 | 2 |
Final
| Team one | Team two | 1st leg | 2nd leg |
| Stoke | Newcastle | 37–53 | 38—51 |
Newcastle won 104–75 on aggregate.
Riders' Championship
Róbert Nagy won the Riders' Championship. The final sponsored by Jawa Moto & Barum was held on 19 September at Brandon Stadium.| Pos. | Rider | Pts | Total | ||||||||||||||||||
| 1 |  FoursPeterborough Panthers won the fours championship final, held at the East of England Arena on 26 July.Final
Riders & final averagesBerwick
|