Team Hero EBR Withdraws from WorldSBK

April 30, 2015
Courtesy of Pegram Racing
On April 15, 2015 news broke that Erik Buell Racing would cease operations after going into receivership, and now it’s been revealed that Team Hero EBR will withdraw from the World Superbike Championship. Buell later indicated that “we tried to do too much with too little funding,” but abstained from going into specific detail on what caused the collapse or what effect it would have on the SBK effort. During that time, Team Hero EBR’s Larry Pegram and Niccolo Canepa continued to race in the series and on April 16, Pegram, Team Manager for Team Hero EBR, said that “we plan to continue for the season. All indications are that we are going to be able to do that,” in an interview with World Superbike. That all has changed, according to a release issued late Wednesday night, with Pegram Racing announcing that the “recent bankruptcy of EBR and the reprioritizing of efforts by title sponsor Hero” are forcing the team to withdraw. The full Pegram Racing statement is included below. – MotoUSA 

Team Hero EBR will be forced to withdrawal from the World Superbike Championship for the immediate future. With the recent bankruptcy of EBR and the reprioritizing 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.”