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.
To read the story in the Milwaukee Journal Sentinel, click here.