LANCASTER, N.Y. — With the writing on the wall for weeks, it appears the Red Bull-sponsored Global Rallycross Championship has gone out of business.

Officials of New York’s Lancaster National Speedway and Dragway, which was scheduled to host a June 9-10 GRC event, confirmed in a statement Tuesday morning that they have been informed by the Global Rallycross organization that it has ceased operations.

Rumors and reports in the press have circulated for weeks about the pending demise of the series, including a Tuesday story in the Detroit Free Press that reported Michigan state officials are considering suing GRC over non-payment of a approximately $76,000 fee related to improvements made at Detroit’s Belle Isle prior to a 2015 GRC event there.

The Global Rallycross season was scheduled to open May 19-20 in Louisville, Ky., and include events in New Orleans, Los Angeles, Indianapolis, Atlantic City, Seattle and Great Britain.

The announcement comes after the series disbanded its popular Supercar class and replaced it with the GRC Lites division, which was re-badged the “Gold” class. Meanwhile, the series’ most prominent Supercar teams have committed to the new Americas Rallycross Championship, which will be produced by IMG, which already operates the European and World Rallycross Championships.

An official statement has not yet been made by Global Rallycross Championship officials.