The announcement that the Jack&Jones team was pulling out of the Moto2 World Championship came as a something of a shock, for several reasons. Firstly, European fashion retailer Jack&Jones had been involved in motorcycle racing for several years; secondly, the withdrawal left both Kenny Noyes - Moto2's only American competitor, and a popular figure in Spain, where he is based - and Gabor Talmacsi - still a huge star in Hungary - out of a ride for 2011; but perhaps most surprising of all was the loss of face for Antonio Banderas, the Spanish / Hollywood actor who had backed the team.
The reason given was unsurprising; title sponsor Jack&Jones had pulled out of the project, leaving no money to run the team. Since the announcement, further stories have emerged that the team's finances were not in order throughout 2010: the team's press officer has issued a number of statements in which she claims that team manager Dani Devahive has failed to pay her, and the lack of development the riders complained of has been put down to an apparent financial dispute between Promoracing (the organization behind the team) and Harris, the UK-based chassis builders who supplied the frames for the team's Moto2 effort.
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