Larry Pegram says he is confident the Team Hero EBR squad will be able to compete the 2015 World Superbike Championship, despite its parent manufacturer filing for bankruptcy.

Founder and eponymous owner of the brand, Erik Buell, this week confirmed he has been forced to go bankrupt and make his staff redundant after conceding to a lack of funding and falling sales of its road bikes.

It comes as EBR, currently in its second season of World Superbike racing, begins to find its feet in the series, having scored its first-ever points in Australia and then again at Aragon.

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Despite this, team owner-rider Pegram says he has been given assurances that he can complete the season.

"For Team Hero EBR, nothing has really changed," Pegram stated. "We are going to be racing this weekend and we plan to continue for the season. All indications are that we are going to be able to do that.

"There is obviously some restructuring and financial stuff going on in the USA, but we are over here in Assen and getting ready for a good weekend."

"We are confident that everything is okay; we have got some assurance with that and we are looking forward to the rest of the season."

It is believed the World Superbike team is safer due it receiving direct funding from its title sponsor, Indian motorcycle corporation 'Hero' - which part-owns EBR -, rather than the manufacturer itself.