The American Motorcyclist Association (AMA) announced on Friday that it has reached an agreement in principle to sell the sanctioning, promotional and management rights for most of its Pro Racing properties - including the AMA Motocross Championship - to the
Daytona Motorsports Group (DMG).
FIM Motocross and Supermoto rights holder, Youthstream, is believed to have bid for the AMA Motocross and Supermoto rights - but, unlike DMG, wasn't in a position to bid for the full range of championships available, which also included Road Racing, Flat Track, Hillclimb and ATV.
Nevertheless, Youthstream claims its participation in the bidding process will prove valuable in the future.
"It was a great and very positive experience for Youthstream to take part in this bid," said Mr. Giuseppe Luongo, president of Youthstream. "We are extremely honoured that the AMA asked for Youthstream to be involved in this process as this proves once again our high level of professionalism.
"More importantly, it was very profitable working in the USA over the last six months, we were able to meet many organisers, sponsors, manufacturers, media outlets, TV networks, and thanks to this we have built good relations with the key people of the American market.
"This will give a valuable boost to our upcoming organisation of the FIM Motocross Grand Prix and FIM Motocross of Nations in the USA. Also, we strongly feel Youthstream's involvement into the bid will play a significant role into improving the quality of the future organisation of the AMA Motocross Nationals.
"We understand the decision of the AMA to give all the AMA Pro Racing rights to one company and clearly Youthstream cannot compete for all the disciplines because our interest is only in Motocross and Supermoto.
"Finally we wish all the success to Daytona Motorsports Group for the organisation of all the AMA Nationals," concluded Luongo.
