Althea Racing has announced that it has parted ways with Davide Giugliano after three successful seasons that yielded the Superstock 1000 title and four World Superbike podiums.

Having joined the team in 2011, it was originally anticipated that Giugliano, whose personal manager is Althea Racing boss Genesio Bevilacqua, would remain with the team in 2014.

However, with the WSBK rider market in a state of flux as teams prepare themselves for the forthcoming regulation changes, Giugliano hints that he has penned a deal elsewhere for next season.

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"I have enjoyed three fantastic years, decisive as far as my career as a rider is concerned. Over these three years, I have grown a lot and have learned so much thanks to Genesio Bevilacqua, who chose to believe in and bet on a young rider, giving me the chance to demonstrate my potential. I also thank him for having given me this latest opportunity that I hope will be significant for my future.

"My thanks also go to the members of the Althea team with whom I have spent so many great moments and who have helped me to achieve great results. Results that have only been possible thanks also to the support of the sponsors and everyone that has helped me in this period. I will remember them all with affection."

Bevilacqua, who opted to switch to Aprilia machinery in 2013 after failing to agree on a more financially secure deal with former title-winning partners Ducati, maintains that the team will continue with a new rider next year.

"Often, a separation between a developing rider and the team that launched him is caused by misunderstandings or dissatisfaction. But in this case I can say that once again there is a perfect understanding with Davide, with whom we have amicably agreed to take different paths, in order to give him a new opportunity to grow while team Althea will continue with its own programme.

"I want to thank Davide for his commitment throughout these three wonderful years, in which we have worked together and achieved great results and satisfaction. I give him my very best wishes, and hope he can achieve prestigious results in the near future. I am left with the great memory of a path travelled together and the satisfaction of having launched a young Italian rider to the top of international motorcycling.
Beginning his tenure with the team at Superstock 1000 level, Giugliano mirrored Althea's Superbike counterpart Carlos Checa in dominating his series with four victories and seven podiums before stepping up to the premier class for 2012.

Showing encouraging flashes of speed on the ageing Ducati 1098R to finish his debut season in tenth overall with two podiums to his name, Giugliano remained with Althea for 2013 as it switched to Aprilia RSV4 machinery.

Despite garnering a reputation for race day mistakes, a maiden pole position in Russia and eye-catching podium performances at Imola and Laguna Seca would establish Giugliano as a regular front runner, the 23-year-old ending the year in sixth.