Former Michigan Supreme Court Justice Bob Young is dropping out of the Republican Senate primary in Michigan, blaming the difficulty of winning the nomination to take on Democratic Sen. Debbie Stabenow Deborah (Debbie) Ann StabenowGAO report finds brokers offered false info on coverage for pre-existing conditions Democrats back away from quick reversal of Trump tax cuts Battle looms over Biden health care plan if Democrats win big MORE (Mich.).

“I am on your show to announce that, after a lot of discussion with family, friends, and supporters, that I am suspending my campaign to defeat Debbie Stabenow," Young said Wednesday on the Michigan-based Frank Beckmann Show on WJR News-Talk 760 AM.

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Young had been the most high-profile Republican name in the candidate pool before stepping aside.

Three other candidates are now vying to take on Stabenow in Michigan, a state that President Trump Donald John TrumpHR McMaster says president's policy to withdraw troops from Afghanistan is 'unwise' Cast of 'Parks and Rec' reunite for virtual town hall to address Wisconsin voters Biden says Trump should step down over coronavirus response MORE won over Hillary Clinton Hillary Diane Rodham ClintonHillicon Valley: FBI chief says Russia is trying to interfere in election to undermine Biden | Treasury Dept. sanctions Iranian government-backed hackers The Hill's Campaign Report: Arizona shifts towards Biden | Biden prepares for drive-in town hall | New Biden ad targets Latino voters FBI chief says Russia is trying to interfere in election to undermine Biden MORE by a razor-thin margin during the 2016 presidential election.

Yet despite Trump's win, Stabenow is favored to win reelection this year, with The Cook Political Report rating the Michigan Senate race a likely win for Democrats.

Young said although he was the "front-runner" in the Republican primary, he felt the primary contest against three other candidates would deplete his finances before he could face off against Stabenow.

"After assessing the campaign and trying to determine whether we had enough momentum to move forward — I don’t see in this contested primary enough financial support to get me to where I need to be," he told the radio show host.

"I think our candidate, in order to be successful in November, has to be the presumptive leader going into June or July. And if we have a war of attrition until August, I don’t think there will be sufficient time to mount the kind of campaign you need to knock off an incumbent — particularly a wily, [special] interest politician like Debbie Stabenow."

“I think having three significant challengers in a contested primary makes it more likely that she will prevail," he said, adding that Stabenow has "nothing to show for her 20 years in Congress."

State Republican Party Chairman Ron Weiser praised Young for "his dedicated service to our state."

“Bob knows Michigan, has been elected 3 times statewide, and will continue to be a tremendous asset to the Party,” Weiser said in a statement.