The Grupo Francisco Hernando team, have withdrawn from the 2009 MotoGP Championship with immediate effect leaving Sete Gibernau without a ride.
Gibernau was said to have been shocked by the announcement that the team are another casualty of the economic crisis that has already seen other teams tightening their belts, as they try to weather the financial storm.
The Spanish riders said in a press release;
“The person most surprised by this decision was me. Everyone in the team worked hard to keep the project on track. On a personal level, it was a brave gamble, taken with the hope of building a successful project which would achieve targets we had set for ourselves as each Grand Prix passed.
It’s truly a pity that we are forced to abandon the project at this stage, just when we were convinced we were on the verge of achieving the results we were looking for. I’d like to thank the team, my personal sponsors, the fans and all the press, the treatment I have received, which has repaid in full the hard work and efforts which I have put in to return to racing after two years out of the World Championship. Your support has made me be happy to be racing in MotoGP again”
There are now 17 teams remaining in this seasons MotoGP Championship with Gibernau sitting 17th in the standings out of 18 riders.