Felt regrets having to take this step and wants to return to mountain biking next season.

Official statement from Felt:

Felt GmbH regrets to announce its immediate sponsorship discontinuance with the Felt International MTB Team, owned and operated by AB ProCycling and managed by Dr. Antonio Brozzu.  Recent financial problems between AB ProCycling and the team left riders partly paid and the program in operational distress.

"We regret this early cancellation but under the circumstances it was unavoidable.  Once it was clear that AB ProCycling had stopped contributing to the team every attempt was made between Felt and other industry sponsors to salvage the program and make up the difference. However, despite our best efforts we simply could not make it happen. We wish all of the team members the very best for the future." says Michael Muellmann, CEO.

It is Felt's hope to return to the professional mountain bike race circuit in 2010 with a suitable high-profile program.