Ballmoney's Michael Dunlop has announced that he intends to take a year away from racing in 2014 and might extend that to 2015.

In a statement, the youngster said that despite getting a lot of offers to ride next year, nothing has come to fruition so he has no alternative but to take a sabbatical.

"There has been much speculation about my plans for next year and I have decided to let all my loyal sponsors, team members and fans know exactly where I am at currently. I have not signed any contracts for 2014 mainly due to various complications attached to each offer put to me," the statement said.

"I am disappointed to be in this situation, especially after the tremendous season I enjoyed in 2013 and the success I achieved. However, I am as keen as ever to go race motorbikes but sadly at this moment in time I will not be racing in 2014. If something materialises I might consider to come back if am ready and it's the right package but till that i hope to be back in 2015 or if not 2016.

"I have worked extremely hard to get to this level in road racing and unless I feel I have the right equipment and structure under me I won’t race at all. Thanks to everyone who has supported me through thick and thin there is to many to name but I will see them to express my thanks and I hope we’ll be back on the top step as soon as am back."