The South African cycling team Qhubeka NextHash will not participate in the WorldTour next year.
The formation cannot meet the licensing requirements of the international cycling federation UCI, it was announced on Friday.
“We are still in active discussions with our potential and current partners,” team principal Douglas Ryder told Qhubeka NextHash's site.
"We are currently working to secure our future for 2022."
Qhubeka NextHash was founded in 2008 under the name MTN Energade Road Team and made its appearance at the highest level in 2016 as Team Dimension Data.
Since this season, Qhubeka has been the sponsor.
The South African team had the best season in its history as a WorldTour formation in 2016, winning no fewer than five stages in the Tour de France.
Mark Cavendish wrote four of these to his name.
This season Qhubeka won three stages in the Giro d'Italia.
This season 27 riders are under contract with Qhubeka, including Fabio Aru, Victor Campenaerts and Giacomo Nizzolo.
Aru had previously announced that he would stop cycling after the Vuelta a España.
Ryder still believes in the survival of the team.
"We remain convinced that our story is not complete," said the team boss.
"Our mission will continue, to continue to change lives through cycling."Keywords: formation, qhubeka nexthash, worldtour, uci, season, license, licensing requirements, south african, douglas ryder, team, name, appearance, partners, discussions, mtn energade road team