The Factory Honda MotoGP team will continue to be backed by Repsol ♔for the༺ next two seasons at least, following an extension of their current contract.

"Repsol Hond🔴a is an established brand and we are very happy to be able to continue the growth of this image in the world of grand prix motorcycle racing," said Mr. Satoru Horiike, HRC managing director.

"After 11 years with ✨Repsol, HRC is very pleased to continue the relationship with a new agreement form the 2006 season. The Repsol Honda Team has enjoyed record-breaking success in the past 11 years and it is our intention to continue this."

"Being able to finally announce that HRC and Repsol YPF are going to be togethe✱r in the next years is a satisfaction for us and the culmination of several months of intensive work in a ඣjoint project for the future, outlining the foundations for this agreement," added Mr. Jaume Gir?, Repsol YPF general manager for communication.

"Hop♐efully, with situations like that we can see that still the money is not the most important thing when we are talking about one project, one main goal and the attitude to get that.

"Working with HRC is someꦚthing that we've been doing now for more than ten years, and I just need to refer to the success achieved together to make an assessment of our collaboration.

"Our vision for the future and the determination of both companies to improve and 𝓀be always one step ahead ꦺof our competitors has taken us to reach this collaboration agreement to start a new stage of professional success.

"Competing on the highest level is something innate for us, it is in our genetic code andཧ it is part of the corporate strategy of Repsol. Competition gives us the chance to be leaders in research and development of new products, and at the same time it allows us to enjoy being close to the fans.

"Repsol YPF feels really comfortable with par♓tners such as HRC in the Motorcycling World Champion▨ship, where we have been, we are and we will continue being."

The Repsol Honda Team has won eight Riders' Worldꦇ Championship titles and two Teams' World Championships from 90 victories in the premier-class and 130 🃏podium finishes - but has not won a race since Valentino Rossi left at the end of 2003.

Meanwhile, the announcement of the contract extension ends rumours that Telefoౠnica Movistar may 𝕴have replaced Repsol as title sponsor.