The decision was made after an close evaluation of the teams poor economic situation which was created during this year's expanded venture by participating in both Championship classes.
The Stiggy Racing Honda team has shown great potential since starting its racing venture in 2005. In the Supersport class it slowly made its mark year after year to become a top contender in the Championship. The team's best overall result was in 2008 when it finished third with Australian rider Joshua Brookes.
In Superbike, despite being at a considerable financial disadvantage for a private team against factory squads, the team achieved some great results in its SBK rookie year. It started the season with a third place podium finish, and scored another three podium places during the season which included 11 top five finishes. Leon Haslam finished the year as best privateer rider, taking sixth place in the Championship, while the team was fifth overall in both Supersport and Superbike classes in 2009.