Dan Lloyd has dropped out of the 2017 British Touring Car Championship after losing a number of sponsors.
The 25-year-old joined MG Racing at the start of the year, and has taken two points finishes in 15 races. The difficult start to the season has led a number of sponsors to pull backing from Lloyd, forcing him to put his BTCC career on hold.
“As a racing driver, all I want to do is compete,” he told ITV. “However the facts of modern motorsport are that it takes a lot of funding to race. Even with the fantastic backing that is in place from MG, I still need to bring a lot of sponsors to the table and with the results as they stand, continuing with the RCIB squad would put any future hopes of racing at risk.”
He also said this year was a “big investment year” for his backers, and that walking away from the BTCC was “difficult”.
Last season, Lloyd also had to step away from the series for financial reasons.
Now, he’ll reassess his options for the rest of the season. He later claimed on Twitter that it was not due to the financial situation.
A replacement announcement is expected from MG soon.
Feature image credit: Caroline Rhea