The Ulster Grand Prix will not return in 2024 but the Dundrod and District Motorcycle Club [DDMC] “remains committed” to reviving the road race.
It has not taken place at Dundrod since 2019 and the DDMC said the decision was taken “with regret”.
DDMC blamed the “ongoing insurance issues” for motorcycle racing and “a lack of sufficient time to find a solution to these challenges”.
The event has been hit by a number of financial challenges in recent years.
The future of the Ulster GP was left in serious doubt when it was revealed that the host Dundrod and District Club had been issued with a winding up order in 2020 and was forced into liquidation.
Regarded as one of the fastest road races in the world, it has not taken place since 2019 because of the Covid-19 pandemic and the financial difficulties it has experienced.
