The 1998 Premier League speedway season was the second division of speedway in the United Kingdom and governed by the Speedway Control Board (SCB), in conjunction with the British Speedway Promoters' Association (BSPA).

Season summary

The League consisted of 13 teams for the 1998 season with the following the closure of the Long Eaton Invaders and the decision of the Oxford Cheetahs to compete in the Elite League. The addition of the Peterborough Panthers who dropped down from the Elite League limited the reduction in numbers. The League was run on a standard format with no play-offs and was won by Peterborough.

Fixtures & results

Final table

Premier League Knockout Cup

The 1998 Premier League Knockout Cup was the 31st edition of the Knockout Cup for tier two teams. Reading Racers were the winners of the competition.

Northern Group

Southern Group

Semi-finals

Final

First leg Second leg Reading were declared Knockout Cup Champions, winning on aggregate 103–77.

Riders' Championship

Glenn Cunningham won the Riders' Championship. The final was held on 13 September at Owlerton Stadium.

Pairs

The Premier League Pairs Championship was held at Hayley Stadium on 26 July. The event was won by Peterborough Panthers. Semi finals Final

Fours

Peterborough Panthers won the Premier League Four-Team Championship, which was held on 30 August 1998, at the East of England Arena.

Leading averages

Riders & final averages

**Arena Essex ** Berwick Edinburgh Exeter Glasgow Hull Isle of Wight Newcastle Newport Peterborough Reading Sheffield Stoke