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The receivership of Erik Buell Racing continues to go on, as the company’s second round on the auction block ended with no fruitful resolution.

It was hoped that Monday would see the announcement of a Erik Buell Racing’s new owner, after the auction on Thursday seemed to show that a new bidder, Liquid Asset Partners LLC, had snatched up the American motorcycle effort and had plans to liquidate EBR’s assets.

However, it appears that the winning bid on Erik Buell Racing’s liquid assets has been contested by previous auction-winner Bruce Belfer and potential-bidder US Heritage Powersport. Accordingly, a new date in court set for January 14th, 2016 and formal motions to be submitted by January 4th, 2016.

This means that the ongoing saga and future of the Erik Buell Brand will continue, well into the start of the new year.

The situation around Erik Buell Racing is rapidly becoming comical, as the American motorcycle brand is headed back to auction, after its sale to Bruce Belfer failed to close.

The Milwaukee Journal-Sentinel reports that Erik Buell Racing will go back to the auctioning block on December 10th, because Belfer was unable to secure financing on his $2.25 million purchase price for Erik Buell Racing.

The big news this week is the Erik Buell Racing’s assets were bought, as a going concern, by Atlantic Metals Group LLC. Heading that purchase effort is Bruce Belfer, who will takeover as CEO of Erik Buell Racing, while the big news is that Erik Buell will remain as the company’s president.

Talking in an interview with the Milwaukee Business Journal, Belfer explained that he intends to restart EBR’s core business of making motorcycles, saying that “In [his] opinion, what was a viable manufacturing operation had become distracted by a single-customer consulting operation.”

It’s official, Erik Buell Racing has been sold. The East Troy company went up for auction yesterday, and the Walworth County Circuit Court today put its rubber stamp on the winning bid of $2.25 million, made by Atlantic Metals LLC.

In its bid, Atlantic Metals acquired all of EBR’s manufacturing assets (machines, parts, tools, etc), as well as the company’s intangible assets (trademarks, patents,  databases, etc). Atlantic is acquiring these items with no contingencies, per the terms of the auction.

Hero MotoCorp Ltd (HMCL) has filed paperwork with the Bombay Stock Exchange stating that its wholly-owned subsidiary, HMCL Americas, has entered into a settlement agreement with Erik Buell Racing, which sees the American arm of the Indian brand acquire “certain consulting project” from EBR for $2.8 million.

The filing with the Bombay Stock Exchange reads: “”As part of the settlement agreement, HMCL Americas Inc has agreed to acquire the ownership of certain tangible and intangible assets of EBR Entities, free and clear of all encumbrances, for a consideration of USD 2.8 million.”

Social media and some assorted motorcycle news websites (first here, and now here) are feverishly reporting that Erik Buell Racing has been out-right acquired by Hero MotoCorp, during the company’s receivership auction, thus confirming the wet-dream conspiracy theories of Buellistas around the world.

The report was first started by the stalwart news source Motorcycle.in.th, and was then elevated quickly into the realm of semi-truthfulness by a bevy of other news outlets.

Sources close to Buell and Erik Buell Racing have since come forward and discrediting the report, calling the story a complete fabrication. Meanwhile, Hero MotoCorp stock has risen 0.50% on the news.

With the journalistic bar now set so low, Asphalt & Rubber feels comfortable reporting that there is indeed a new owner for Erik Buell Racing, but it is not Hero MotoCorp, but instead the Flying Spaghetti Monster — deity to the Church of the Flying Spaghetti Monster.

After shutting its doors, and putting the company into receivership, the legal process for Erik Buell Racing is moving right along, with a date now scheduled for the sale of the company’s assets.

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.