Stiggy Racing won't be on the grid in 2010.

The Stiggy Racing Honda team has been forced to withdraw from the Superbike and Supersport World Championships in 2010, quitting the sport due to the Global Economic Crisis after a successful five years of operation – five in WSS and one also in WSBK.

The decision has been made after an evaluation of the teams poor economical situation which was created during this year’s expanded venture by participating in both championship classes, which was a huge financial project that was poorly executed by the teams investors as a result of failure to it’s financial commitments of the 2009 season according to Stiggy.

The Stiggy Racing Honda team has shown great potential since starting up in 2005 in the WSS class, slowly building it’s ground in the championship and year by year advancing to finally set a solid mark as a top contender in the championship. The team managed its best result in 2008 by finishing third in the SSP championship with Australian rider Joshua Brookes.

Being a private team in a championship like Superbike, consisting of seven factory teams means not only stiff competition on track but also means a beforehand financial weakness, making it very difficult to survive without a solid financial backup and support from it’s surroundings. Despite financial disadvantages the team was able to achieve solid results in its WSBK rookie year.

Debuting the season with a third place podium finish, repeating another three podiums places during the season including 11 top five finishes, Leon Halsam finished the title as best privateer rider after taking a sixth place in the championship. The team ended its year as the fifth best ranked team in both SSP and SBK classes 2009.