The American Motorcyclist Association (AMA) has released the full transcript of the March 7 news conference at which the rider organization announced the sale of its AMA Pro Racing properties to the Daytona Motorsports Group (DMG), a Daytona Beach-based operation led by Roger Edmondson, president of the Grand American Road Race Series LLC (Grand Am), and Jim France, vice chairman/EVP of the National Association for Stock Car Auto Racing, Inc. (NASCAR).
Rob Dingman, president and CEO of AMA, explains why the AMA sought to sell the sanctioning, promotional and management rights for its Pro Racing properties:
"When I became CEO of the AMA (in late 2006), I began to quickly realize that the AMA's core mission had become diluted, because we tried to be too many things at once…and that detracted from what we really needed to be, and detracted from our core mission, to protect and promote the future of motorcycling. We got criticism from all corners, and continue to get criticism from all corners. We needed to have a firmer grasp on the legislative and regulatory issues that face us. Our member benefits and services have become average, at best. And we just had a complete inability to market and promote our professional racing series."
Dingman said it was important for the AMA to rededicate itself to being a membership organization, "provide member benefits, and provide member services, and to fulfill our mission of insuring a bright future for motorcycling in America."
The transcript of the conference also includes comments by Edmondson and Dennis Rhee, AMA SVP of Racing.
For the complete transcript, click here.