The BKM Dark Dog Honda team have announced their withdrawal from the World Supersport Championship, with immediate effect.

Thus, the two-man team of Australian Broc Parkes and Frenchman Christophe Cogan will not race at the Dutch round of the series, at Assen, this coming weekend.

BKM team manager Michael Bartholemy cited budget problems for the teams demise.

"The missing payments of one of my sponsors makes it impossible to cover the ongoing costs," he stated. "The respective sponsor has not fulfilled our agreement. For us it is a hard decision particularly with regard to the already signed two-year (2003 - 2004) contract with our main sponsor Dark Dog who has always given us the accorded support."