Just as the global financial crisis appears to be approaching its nadir, it has claimed another victim in motorcycle racing. As we reported yesterday, the Hoegee Suzuki World Supersport team has withdrawn from the World Supersport Championship with immediate effect. The team has simply run out of money, and the potential sponsors which the team had been talking to had been unable to provide the funding which the team needed to continue for the rest of the season.
Marc Hoegee, team owner, manager, and the driving force behind preparing the race bikes, said in a press release: "I started this great adventure in 2005, and togethe with the whole team and everyone involved, we've had a chance to demonstrate just what we are capable of in a very short time. Despite all our efforts, we have not been able to find new sponsors fast enough to be able to continue both responsibly and competitively. That competitiveness is very important to me. The fact that we have to stop now really breaks my heart. Everyone has invested a huge amount of energy into this project, but this is reality and we just have to accept it. I'd like to thank the riders and the other team members for the fantastic effort they have shown again this season. We really fought for this, but the sponsorship climate is extremely unfavorable - and not just in racing. I would also like to thank all of our sponsors and everyone who has supported us over the years."