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Garry McCoy announced this weekend that he has left FB Corse, presumably after the MotoGP team failed to develop its racing effort in any meaningful way. Beleagured from the start with lofty goals and un-true press releases, FB Corse has struggle both technically and financially to get on the MotoGP grid. After suffering a setback of not being given the green light to race while testing  at Valencia, FB Corse seemed determined to make at least a few wild card appearances this season.

Now with McCoy resigning from the team, the MotoGP paddock expects this to be the end of the Italian racing project (editor’s note: FB Corse has already removed its photos from its flickr stream). Of course knowing Franco Uncini and the FB Corse spin machine, we may still see another press release or two in the future from the Italian racing effort. McCoy’s official statement after the jump, best of luck to you Garry.

Despite not making the entry list into the 2010 MotoGP season (yet?), we have to admit it’s a welcomed sound to hear a triple taking off from the pits at Valencia. We here at Asphalt & Rubber were big fans of the Aprilia RS3 Cube, despite its propensity to catch fire. And while FB Corse may have drawn our ire for less than truthful media communications, their Oral Engineering designed three cylinder motor leaves us hoping the team can get their act together and make it into MotoGP so we can continue to hear its throaty tune.

It’s refreshing to see that the Dorna is about as amused as we are here at Asphalt & Rubber over FB Corse’s “extremely positive” press release after the Italian MotoGP-hopeful team was denied entry into the premiere motorcycle prototype racing class. At the request of Dorna delegates, FB Corse has issued a second press release that rescinds their previous statement of being admitted into MotoGP, and now clarifies the situation with some prose that’s a little bit closer to the reality and truth of the matter.

The big takeaway from the situation is that FB Corse must now prove the FB01 in a race simulation test, which would have the race bike complete a race distance at race pace to show not only the bike’s competitiveness, but also its reliability.

Hopes were dashed in Valencia today as FB Corse was denied the opportunity to enter the 2010 MotoGP series with the rest of the field at Qatar on April 11th. The FB Corse team was at the Spanish track the past few days testing their FB01 race bike with Garry McCoy at the helm. Today being the final day of testing, representatives from Dorna and the IRTA were on hand to assess the condition of the FB Corse team and bike, and to make a determination as to whether they would be included in the 2010 series. Despite all of the media hype, Dorna’s Franco Uncini’s determined the team was not ready for MotoGP, but could maybe enter the series midway through if they where then ready.

The day has come for FB Corse to make its big track debut, and also to prove to Dorna and the IRTA that they have what it takes to race in MotoGP. This March 15th thru 17th will see the Italian team take to the track at Valencia, where they will have their first track shakedown.

In attendance March 17th will be Dorna’s Franco Uncini and an IRTA representative. The purpose of these men is to assess the FB01’s competitive ability, during what is being called a “timing test’. Intially this has been reported to mean that Dorna and the IRTA are interested in seeing as to whether or not Garry McCoy can take the FB01 around the course within three seconds of last season’s slowest qualifying MotoGP lap time. However, that doesn’t seem to be the case now.

http://www.youtube.com/watch?v=NOhOW-UquKQ&feature=player_embedded”>YouTube

Fresh from it’s unveiling in Milan, DailyMotos has posted a video to YouTube on the Official presentation of the FB Corse MotoGP team and FB01 race bike. Garry McCoy was on hand to help take the wraps off the MotoGP contender, which has a three-cylinder 800cc motor that was originally intended for a BMW MotoGP entry. Check the unveiling after the jump.