Apparently winning isn’t enough to pay the bills any more, not even if the victory comes at the storied Daytona 200. The 2012 Daytona 200-winning Project 1 Atlanta team has folded after unable to secure funding for the rest of the season.

Project 1 Atlanta, and racer Joey Pascarella, stunned AMA Pro Racing fans with a Cinderella story victory at the Daytona 200. A bare-bones outfit, the team’s Daytona effort was primarily funded by former racer Jim Bronson in support of the March of Dimes. The team didn’t even sport any Yamaha logos on its race-winning R6.

According to RoadracingWorld, team owner Perry Melneciuc tried to negotiate a deal with Yamaha for a performance bonus and promotional opportunities but the two sides could not come to an agreement. Melneciuc was left with the difficult decision to abandon plans to continue racing the rest of the season.

Melneciuc and crew members Rick Boyles and Ed Sullivan have reportedly landed jobs with Erik Buell Racing, helping the Wisconsin-based team the rest of the season. Pascarella however is left without a ride.

“Do i deserve a ride after daytona? Aperently not..Rideless:(,” Pascarella wrote on his Facebook page.

[Source: RoadracingWorld, SuperbikePlanet, Joey Pascarella (Facebook)]