Harley-Davidson, Inc. has just announced that Erik Buell, Chairman and Chief Technical Officer of the soon to be closed Buell Motorcycle Company, will leave the company to establish Erik Buell Racing, an independent motorcycle race shop that will specialize in making 1125R-based racing motorcycles and parts.

UPDATE: Erik has made a video that explains his move to Erik Buell Racing further, and rehashes the information already available in Harley-Davidson’s press release.