Slotted to take place on July 21st, potential buyers will be able to bid on EBR’s assets, in bulk. All winning bids are of course subject to court approval, which will be granted/not granted quickly after the auction, on July 23rd.
With the Honda RC213V-S debuting at Catalunya last week, much has already been said about Big Red’s road-going GP bike…especially in terms of how it compares to other halo bike motorcycles that have been 0r currently are on the market.
So, in the interest of exploring solely the most basic attributes from a motorcycle’s technical specification sheet, we have compiled a spreadsheet to see how the Honda RC213V-S stacks up against its most analogous street bikes.
As such, we have compiled the horsepower, dry weight, and cost of the the Ducati Desmosedici RR, Ducati 1199 Superleggera, Kawasaki Ninja H2R, MV Agusta F4 RC, EBR 1190RS, and Yamaha YZF-R1 motorcycles — you can see the easy-to-read chart (after the jump), and make your own comparisons to the RC213V-S.
Word out of India is that the Hero HX250R, the quarter-liter sport bike that Erik Buell Racing helped design, will not be arriving later this year, as was originally intended. Rumors instead suggest that the HX250R will debut in 2016.
The delay is said to be directly linked to Erik Buell Racing going into receivership earlier this year, and it’s a fair bet that the delay is due to something in the design of the HX250R.
However, we would also bet good money that Hero realized there was no point in releasing a North American bound model without a North American distributor with which to sell it.
After first saying it would be business as usual, Team Hero EBR has regrouped and found that it will not be continuing in the 2015 World Superbike Championship.
Though a change in announcements, the news is perhaps unsurprising considering the state of EBR and the economic troubles reportedly faced by Hero MotoCorp.
The team quotes the “recent bankruptcy of EBR and the re-prioritizing of efforts by title sponsor Hero” as the cause of its withdrawal, with Pegram Racing hoping to announce its future racing plans soon.
“This is a really hard pill for us all at Pegram Racing to swallow, as we always live by the philosophy of Never Give Up,” said team owner Larry Pegram.
Can you ever have too much motorcycle racing? You can if the amount of racing over one weekend actually exceeds the number of hours in each day.
That was pretty much the case last weekend, when we MotoGP at the Termas de Rio Hondo circuit in Argentina, World Superbikes – including World Supersport, FIM Superstock 1000, the European Superstock 600 Championship, and the European Junior Cup – at Assen, British Superbikes at Brands Hatch (the very short, very fast Indy circuit, not the longer GP layout), the second round of the inaugural MotoAmerica series at Road Atlanta, and the 24 hour race at Le Mans in France.
Looking beyond motorcycle road racing, there was also the fourth round of the MXGP motocross world championship at Trentino in Italy, and a Formula One race at Bahrain.
Although the constraints of long seasons mean that there will always be clashes, this was a little ridiculous. Racing series are not completely free to set their calendars as they wish – they are tied down by a host of factors such as track availability, the weather, other events organized at the circuits, local government permission and many, many others – this weekend was one of the more spectacular scheduling SNAFUs. Let us hope this can be avoided next year.
For the upcoming weekend, the calendar is much more limited. The FIM Repsol CEV championship – what we used to know as the Spanish championship – has its first race at Portimao in Portugal.
The field is as varied as ever, with riders from all over Europe and Asia, as well as an Australian and an American in Moto3, an even more varied field in Moto2 – including exotica such as the Vyrus, ridden by British youngster Bradley Ray – and Barcelona-based American rider Kenny Noyes defending his title in the Superbike class.
Their Italian counterpart, the CIV championship, also kicks off this weekend with their first races at Misano. Both series will be streamed live, CEV on their Youtube channel, and the CIV via a specialist Italian motorsports channel called Sportube.
The bar isn’t set particularly high when it comes to the motorcycle media’s coverage of complex business issues, nor would you really expect it to be. The majority of my colleagues are more likely to have amateur or racing licenses, rather than MBAs or law degrees. Fortunately for A&R, I’m not an accomplished motorcycle racer.
It therefore didn’t surprise me last week that the headlines regard Erik Buell Racing ranged in their proclamations from the more accurate “ceased operations” to “gone bankrupt” – with the even more presumptive publications proclaiming the ultimate demise of the American brand.
This comes from a lack of understanding about how the receivership process works, which my European colleagues should have a stronger grasp of, as the concept is more prevalent across the pond.
As such, I would like to explain the issue further, and how it applies to the situation facing Erik Buell Racing. To entice you on what will surely be a boring subject to many, this doesn’t spell the end of Erik Buell Racing…not even close.
First thanking fans for their support, the EBR CEO goes on to explain that the company took on too many tasks for its limited resources, which in-turn has caused EBR to excede its abilities and acquire massive amounts of debt (reports put the figure at $20 million).
Buell hopes to see EBR through the receivership process, and to “maximize the value from EBR to benefit all”. In typical Buell fashion, he leaves the possibilities for the future open. You can read the full statement after the jump.
With the news that Erik Buell Racing has ceased operations and will be headed into receivership, doubt has been cast on the company’s racing efforts in the World Superbike Championship. Allaying some fears, Team Manager and Rider Larry Pegram spoke to the WorldSBK.com website, saying that the team would indeed race in Assen, as planned.
“For Team Hero EBR, nothing has really changed,” Pegram said while speaking to WorldSBK.com. “We are going to be racing this weekend and we plan to continue for the season. All indications are that we are going to be able to do that. There is obviously some restructuring and financial stuff going on in the USA, but we are over here in Assen and getting ready for a good weekend.”
News being broke by the Milwaukee Journal Sentinel says that Erik Buell Racing has ceased its operations. The East Troy company plans to also file for protection from creditors under Chapter 128 of Wisconsin’s bankruptcy code.
Under Wisconsin law, EBR will be placed into receivership (the company will be run by attorney Michael S. Polsky), and ultimately bids will be made on purchasing the bankrupt company. If no bids are made, the company’s assets will be auctioned off, with the profits going to EBR’s creditors.
It has been a busy week for racing, with the World Superbike season opener at Phillip Island followed by the MotoGP test at Sepang, including the extra day of testing on Michelins.
There has been a lot of news, but there have been one or two things we may have missed, so again here’s our weekly round-up of racing news.