Rivamoto has confirmed it won't be present for the second round of the 2014 World Supersport Championship, but has expressed its desire to return in the near future.
The Russian team was a late addition to the 2014 WSS grid after sealing a last minute deal with former MotoGP rider Bryan Staring, but while the Australian was competitive on home soil at Phillip Island, it had already been confirmed that the two parties had gone separate ways.
Furthermore, while Rivamoto was confident it could source a replacement in time for the Spanish event, it has now confirmed it will not be present at Motorland Aragon.
“We have been working hard, trying to secure the necessary budget to continue but at this moment we reluctantly have to say that we do not have the budget to continue and therefore are unable to replace Bryan at MotorLand Aragon this coming weekend,” said team manager Konstantin Zotov.
“We are going to continue to speak to our existing partners and explore every avenue to ensure that we are back on track at the earliest opportunity.”
Meanwhile, Staring, who rode the Gresini Honda CRT in MotoGP last year, has revealed he has moved to Europe in an effort to source a ride for the remainder of the 2014 season.
"After the recent announcement that the Russian Rivamoto Supersport team and I will no longer continue together, many have asked in regard to my plans for the 2014 season. Despite what seems a somewhat rejuvenated domestic scene in Australia I have decided not to stay home and contest for the local honours, preferring to return to Europe in hope of keeping my international career alive.
“I'm not sitting in an ideal position at the moment but I have to take the positives from the situation. I'm a complete free agent and have the ability to fit in anywhere in any championship. I'm headed back to Europe where I'll show my face at the next round of the World Superbike Championship and be sure the teams know I'm available and very keen to race and continue my career. I'm completely focussed on achieving the goals I set for the world championship.
"After a strong showing in the World Superstock Championship in 2012 winning races and leading the most laps over the course of the season, I had nothing less than a disaster year in MotoGP in 2013. The harsh reality of the 2013 season couldn't have hit any harder this summer.
"Today I will return to my base in Varese Italy, continue training and be ready for the first opportunity that presents itself.”