Team SARD-Morand announced Monday that it has parted ways with Kairos Technologies and the “Race to 24” online reality show competition, which was set to award a driver a seat in this year’s 24 Hours of Le Mans.

The Japanese-Swiss effort, which withdrew its two Morgan EVO LMP2 cars from the FIA World Endurance Championship season-opening Six Hours of Silverstone, has vowed to continue for the remainder of the year, beginning next month at Spa with an expected single-car entry.

It follows the termination of its collaboration of Kairos, a U.K.-based data transmission firm, which had purchased a majority share in Benoit Morand’s team.

However, it’s understood that transaction did not materialize, which allegedly forced the team out of the Silverstone round.

The termination of the “Race to 24” program, which Kairos also had backed, comes after not meeting the financial commitments, according to the team.

No word has been given on the driver lineup moving forward, although Pierre Ragues, Oliver Webb and Zoel Amberg are listed in the team’s No. 43 entry for Spa.

Additional announcements are expected from the team in the coming days.