WSBK – Stiggy Honda Racing shuts down due to economic woes

Stiggy Honda Racing run by Johan Stigefelt has shut down and has withdrawn from the Superbike and Supersport World Championships in 2010.
The decision was taken after five years of partecipation at world level due to the economic situation and pull out from their financial partners S2 Racing at the begining of October and the team’s inablity, despite often beating the larger and more ‘noble’ Ten Kate Honda, to find other financial backers that would allow them to continue competing.

The 2009 season saw the team start with Leon Haslam and Roby Rolfo in WSBK and Anthony West and Gianluca Vizziello in WSS.
When Stiggy axed Roberto Rolfo, for John Hopkins, that was first sign that the team was suffering from cash problems and trying to get an influx of cash from the Monster backed American, who infortunately spent most of the season sidelined with injuries.

The team continued to suffer and tried cutting expenses by first droppping Vizziello for the last three races and then pulling West from the final race in Portimao.
Full press release after the jump.