Dec 17, 2002
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From a press release issued by AMA Pro Racing:<BR><BR>SETTLEMENT REACHED IN AMA PRO RACING CASE<BR><BR>PICKERINGTON, Ohio--AMA Pro Racing reached an agreement in its dispute with Clear Channel Motorsports over the 2003 AMA Supercross Series. Among other things, the settlement agreement, pending arbitration, resolves the dispute regarding specific roles of the various parties.<BR><BR>"AMA Pro Racing successfully preserved the sanctity of the AMA Supercross Series," said AMA Pro Racing CEO Scott Hollingsworth.<BR><BR>Provisions of the settlement agreement include Clear Channel Motorsports' acknowledgment that AMA Pro Racing will continue to exclusively officiate the races in the AMA Supercross Series under the authority of the AMA Pro Racing Rule Book.<BR><BR>Federal District Court Judge James L. Graham was instrumental in assisting the parties in reaching an agreement. "We are pleased that the court will retain its jurisdiction over the settlement agreement," said Hollingsworth. "Our focus has always been the fans, riders and series sponsors. This agreement is a victory for everyone who follows AMA Supercross."<BR><BR>The 16-round AMA Supercross Series begins January 4 at Edison Field in Anaheim, California and concludes May 3 at Sam Boyd Stadium in Las Vegas, Nevada.