Foggy calls time on race team plans
Team Foggy Racing, the motorcycle racing team owned by Carl
Fogarty, has been forced to abandon plans to compete in next
year's World Superbike championship following an unsuccessful
search for sponsorship.
TFR, based in Burton-on-Trent, England, had intended to operate
as the factory team of Italian manufacturer, MV Agusta.
Carl, the four-times World Superbike champion, said: "Everyone
knows that this is a difficult time for motorcycle sponsorship.
However, we hoped that the combination of my team with an
iconic brand such as MV Agusta would have been an attractive
proposition for potential sponsors both in the UK and abroad.
"Regrettably, despite the enormous excitement generated
amongst motorcycle fans, this has not proved to be the case,
leading us to the conclusion that the market will not support
a professionally-run outfit of our size without significant
financial input from a manufacturer. So I have decided to
bring this chapter of my career to an end by putting our state-of-the-art
facility at Burton, our race trailer and hospitality unit
up for sale.
"I would like to thank all those who supported our efforts
during the Foggy Petronas Racing project and I hope that the
tide turns in favour of the efforts of privately funded teams.
"On a personal front I am now focusing on a number of
new opportunities, both inside and outside the motorcycle
industry."
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