Owner Bobby McEwan foresees a new dawn for Hull Stingrays after taking over the Elite League club.
Hull City Council have handed McEwan the ice-time contract to run Stingrays at Hull Arena from the 2012-13 season.
McEwan said: "I must first thank the Council for awarding us the ice-time contract and helping to keep ice hockey alive in Hull.
"We aim to have the arena buzzing this season and we are all looking forward to the challenge."
The Elite League announed changes to the league structure last month and Hull will play in the so-called Northern Conference alongside Braehead Clan, Dundee Stars, Edinburgh Capitals and Fife Flyers.
They will play those sides four times home and away, while facing the sides in the Southern Conference twice home and away - Belfast Giants, Cardiff Devils, Coventry Blaze, Nottingham Panthers and Sheffield Steelers.
McEwan has been involved in ice hockey in Hull since the first year in 1988, playing and coaching for Humberside Seahawks, Kingston Hawks and Hull Thunder, before joining the Stingrays as assistant coach in December 2009.
"I have been here for nearly 25 years now and I consider Hull my home," he added.
"We are planning on being here for the long term. This is a dream come true. We put the smiles back on the faces of the fans last season and we are determined to build on that.
"The club now has a local owner, something which it has needed for a long time, and everyone involved are driven with the desire to make this club a success and to make the fans proud of their team. It is their club as much as it is ours.
"The club has a number of goals and they will take time to come to fruition but we need everyone behind us from day one. We are all in this together - we need the fans to stick with us through thick and thin."