By alley - Jun 22, 2017, 4:01 PM ET

Risi to miss at least three IMSA races

Risi Competizione will miss at least the next three IMSA WeatherTech SportsCar Championship rounds due to budgetary issues.

"We won't do Watkins Glen, Lime Rock or Mosport (Canadian Tire Motorsport Park)," Risi team manager Dave Sims told RACER. "We're targeting Road America as our next [race], but I won't know until I speak with Giuseppe Risi tomorrow what the budget will allow."

The Risi team is coming off an expensive weekend in Le Mans where a brand-new Ferrari 488 GTE it had leased for the event was badly damaged in

a crash with Matthieu Vaxiviere

. Mired well down IMSA's GT Le Mans championship standings, 2017 has been anything but kind to the Houston-based outfit.

"We'd like to get out again and put a good finish on the season," Sims said. "Le Mans went badly for us and things haven't gone so well in the last few IMSA races, either. It hasn't been the easiest year for our boys."