Industry News
Foggy-MV Agusta WSBK plan falters, team for sale
5th October 2007
Plans for a team of MV-Agustas to be raced in the 2008 World Superbike Championship by Foggy Racing, the Burton-upon-Trent based organisation owned and run by former Superbike champion rider Carl Fogarty have been shelved through a lack of sponsorship funding and the team has been put up for sale.
Carl Fogarty, who won four WSBK championships 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."
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