Swan Yamaha boss Shaun Muir has admitted to Bikesport News that his team is facing a uncertain future as plans for the 2013 season are not falling into place as quickly as he hoped.
The likeable Guisborough man says he has enough sponsorship in place to run a single-bike team in the MCE British Superbike Championship next season but will not make up the required amount for an extra seat with his own money if title backers Swan do not sign up for another year.
"I've pulled in a lot of money from my other businesses in recent years and I really can't do it again in 2013. There is enough resource to run a single-bike team next year with a decent rider and challenge for the title but two bikes will stretch the elastic too far for us," said Muir, speaking to Bikesport News at Brands Hatch.
Muir has already told his staff they will have to look for new jobs at the end of this month as he won't be in a position to ensure employment over the winter and into next year.
"I decided it was better for all concerned to be open and honest about the situation and it gives them time to get sorted out over the winter months. It's a real shame that we find ourselves in this situation but the economic climate is really starting to bite properly now."
16-page BSB special in the new issue of Bikesport News, out tomorrow
