It has not been a good week for privately funded teams. Yesterday, Chad Reed announced that the team he built from scratch for the 2011 season—TwoTwo Motorsports—would close effective immediately after four-plus seasons. Now, it looks like JAB Motorsports, which has backed Matt Lemoine since 2013 will not race the remainder of Lucas Oil Pro Motocross due to financial reasons.

Lemoine announced the decision on Instagram today saying: “Sucks to say this and really upsets me but the @jab_motorsports crew will not be racing the remaining rounds of the outdoor series due to financial issues. I can't thank all my sponsors who have stood behind me no matter what and gonna take this time and get ready for what the future holds.”

Lemoine got off to a solid start in 2015, garnering a fifth at the opening round of the 250SX East Region of Monster Energy Supercross season in Arlington. Lemoine raced two more rounds, finishing seventh and twelfth, before injuries sidelined him for the remainder of the season.

Lemoine returned for the Lucas Oil Pro Motocross opener at Hangtown in May and is currently twentieth in 450 MX points after five rounds. His best finish is a fourteenth in the second moto at Tennessee.