The Dundrod and District Motorcycle Club have announced on social media that the Ulster GP has been cancelled for 2024.
It confirms that the reason for the cancellation is "ongoing insurance issues" going on to say that "a lack of sufficient time to find a solution" has led to the decision.
The Ulster GP is billed as the world's fastest road race although it has experienced problems for some time now, being cancelled in previous years, something that at the time was blamed on the COVID-19 pandemic, and now seemingly because adequate insurance cover for the event could not be found.
The full statement on the DDMC Facebook page reads:
"It is with regret that the Dundrod and District Motorcycle Club must announce the Ulster Grand Prix will not take place during 2024.
"Despite recent positive negotiations with stakeholders of the event, the club has been left with no choice but to take this course of action given motorcycle sport's ongoing insurance issues and a lack of sufficient time to find a solution to these challenges.
"The DDMC remains committed to reviving the Ulster Grand Prix and will continue to work towards achieving that goal."
The Ulster GP takes place on the 7.4-mile Dundrod road circuit and first saw competitive racing in 1922. The most successful rider at the event is Joey Dunlop with 24 victories. The lap record at the venue is held by Peter Hickman, who posted a 136.415mph lap in 2019 aboard his BMW S 1000 RR in the Superbike race.
