Suzuki And Dorna Agree On MotoGP Exit Terms - Statement By Suzuki CEO
After the Japanese manufacturer declared its intention to leave MotoGP at the end of the current season, Suzuki and Dorna agree on MotoGP exit terms.
Suzuki has cleared the final hurdle to exit MotoGP at the end of 2022 and reached an agreement with Dorna. Suzuki confirmed this on Wednesday and announced that it would withdraw from the EWC endurance championship too.
ENDING MOTOGP™ AND EWC FACTORY PARTICIPATION AT THE END OF THE 2022 SEASON— Suzuki Racing (@SuzukiOfficial) July 13, 2022
Suzuki Motor Corporation and Dorna have come to an agreement to terminate Suzuki’s participation in MotoGP at the end of the 2022 season: https://t.co/xnHwlWa5tk pic.twitter.com/eSLmLDNLMR
Suzuki and Dorna had signed a contract in 2021, sealing the MotoGP participation until 2026. Earlier this season, Dorna had warned Suzuki of high sanctions should Suzuki decide to withdraw on an one-sided base.
Now that the exit is officialy done and dusted, President Toshihiro Suzuki explains the withdrawal, saying: “Suzuki has decided to end its participation in MotoGP and EWC due to the need to reallocate resources to other sustainability initiatives.”
He contiues: “This decision means that we will face the task of building the new motorcycle business by redirecting the technological capabilities and human resources we have cultivated through racing activities to explore other avenues for a sustainable society.”
In an statement directed at the Japanese manufacturer’s fans, Suzuki states: “We would like to express our deepest gratitude to all Suzuki fans who have enthusiastically supported us and to all those who have supported Suzuki’s motorcycle racing activities for many years.”
As of the writing of this article, there has been no confirmed information regarding contractual penalty payments.
Accdording to rumors going around, Suzuki will have to pay round about 20 million euros for breaching the contractual agreement.