Despite promising results, especially from Niccolo Canepa, the EBR Hero Racing team is being forced to pull out of the World Superbike championship. The withdrawal became inevitable when EBR filed for bankruptcy. The EBR team, run by Larry Pegram, had hoped to find a way to continue, but without the backing of Indian motorcycle manufacturer Hero, did not have the funds. The press release issued by EBR announcing their withdrawal is shown below:
TEAM HERO EBR TO WITHDRAW FROM COMPETITION
Team Hero EBR will be forced to withdraw from the World Superbike Championship for the immediate future. With the recent bankruptcy of EBR and the re-prioritizing of efforts by title sponsor Hero, Pegram Racing is unable to continue its Team Hero EBR program at this time. Pegram Racing is dedicated to returning to racing very quickly and will announce our future plans very 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 peoples 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 and it will be sooner than you think.”
In making the withdrawal announcement, Pegram Racing would also like to recognize the dedicated employees of EBR, who lost their employment with the bankruptcy.. “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.”