Ten Kate Racing Team goes bankrupt

Ten Kate Racing Team goes bankrupt

November 28, 2018 0 By autotimesnews

Ten Kate Racing BV, which includes the Ten Kate Racing racing team, went bankrupt by a Dutch court. The team planned to compete in the WSBK 2019 championship with the support of Honda, but cooperation with the Japanese manufacturer did not work out. Ten Kate management now blames Honda for the bankruptcy of the team.

The Ten Kate team began performing in the supersport category using Honda motorcycles, since Ronald and Gerrit ten Keith run a Honda dealership in the Netherlands. The team successfully competed in the World Championships in supersports and superbikes, but never had full support from Honda, despite titles in both categories. HRC’s racing department never collaborated with Ten Kate at all.

The HRC company, having decided to return to the superbike, made its choice not in favor of Ten Kate. The Japanese have signed agreements with the Althea and Moriwaki teams, so HRC will not support the Dutch team, which could not find an alternative and was forced to declare bankruptcy. Ronald ten Kate reports that there have been contacts with other manufacturers, but it is impossible to agree on something in such a short time.

The structure of the company is designed so that the bankruptcy of Ten Kate Racing BV will not affect the dealership of Ten Kate Honda and Ten Kate Racing Products, which supplies racing components.