Team Hero EBR Withdraws from World Superbike

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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.

“The whole team did a amazing job of improving results from last year and giving some pride back to EBR and Hero. Niccolo Canepa was riding like the Champion he is, he was literally making people’s jaw drop at what he was doing with our motorcycle. I am so proud of the job he did. One thing for sure Pegram Racing will be back on track and it will be sooner than you think.”

In its press release, Team Hero EBR recognized the hard work of the Erik Buell Racing employees who have been put out of work:

“We have worked closely with them and not only appreciate how amazing it was to have a true American Superbike to ride, but how intensely hard that small group of employees at EBR worked to build the EBR bikes, and also support our racing program and other racers,” said Larry. “We are hoping they too will return soon. They deserve to continue.”

Source: Team Hero EBR