The manufacturing assets for Erik Buell Racing will head to auction a second time in December after Bruce Belfer failed to close his bid on September 30. Belfer said that he was not able to secure financing for the $2.25 million purchase by the deadline, according to the Milwaukee Journal Sentinel.
Buell’s consulting business was previously sold to Hero MotorCorp. for $2.8 million dollars. Belfer hopes to acquire Erik Buell Racing again at the Dec. 10 auction, with plans to restart the manufacturing process alongside Erik Buell himself.
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