hˌævɪŋ tɹˈaɪd ænd fˈeɪld tə fˈaɪnd spˈɑːnsɚʃˌɪp fɚɹə tˈiːm ɹˈʌnɪŋ kˈʌstəmɚ dʒuːkˈɑːɾiz ɪn tˈuː θˈaʊzənd sˈɛvən, ɪn mˈeɪ fˈɑːɡɑːɹɾi kənfˈɜːmd ðə tˈiːmz ɹᵻtˈɜːn ɪn tˈuː θˈaʊzənd ˈeɪt æz ðɪ əfˈɪʃəl ˌɛmvˈiː ˈæɡʌstə tˈiːm ˈoʊnli tə lˈeɪɾɚ pˈʊl ðə plˈʌɡ ˌɔn hɪz tˈiːmz æktˈɪvᵻɾiz ænd pˌʊt ðɛɹ ˈæsɛts ˌʌp fɔːɹ sˈeɪl.
Having tried and failed to find sponsorship for a team running customer Ducatis in 2007, in May Fogarty confirmed the team's return in 2008 as the official MV Agusta team – only to later pull the plug on his team's activities and put their assets up for sale.