The American Motorcyclist Association (AMA) announced the Association’s Board of Directors has unanimously approved the final agreement regarding the sale of parts of its AMA Pro Racing properties to the Daytona Motorsports Group (DMG) based in Daytona Beach, Florida, according to an AMA press release.
Under the terms of the sale, DMG will own the sanctioning, promotional and management rights to AMA Pro Racing. The sale does not include the rights to the AMA Supercross and AMA Arenacross Series, which are held by Live Nation and will continue to be sanctioned by the AMA.
According to the release, the AMA and DMG will provide additional information about the sale in a joint announcement at a later date. For more information on this story, read the upcoming issue of Powersports Business.