Copyright 2002, Roadracing World Publishing, Inc.

The AMA has cancelled a contract with OMS Ltd. and faces binding arbitration that could result in the organization having to pay OMS millions of dollars in members’ money, for nothing.

According to OMS principal Fred Bramblett, the contract, (under which OMS represented AMA Sports, the Association’s amateur racing division, in sponsorship procurement and negotiations), was unilaterally cancelled by the AMA after OMS signed an unrelated contract to be the public relations agency of record for Clear Channel Entertainment Motor Sports.

AMA officials told him that if OMS did business with Clear Channel, it could not do business with AMA despite the valid contract, Bramblett said.

The irony is that the AMA itself is doing business with Clear Channel through the 2002 Supercross Series, and that AMA Director (Trustee) Davey Coombs owns a company that just signed a multi-year contract to produce Supercross programs for Clear Channel Entertainment Motor Sports.

Speaking at the sold-out Clear Channel Supercross held Saturday night in Anaheim, California, Bramblett also revealed that late last year he made an offer to AMA to buy Paradama (aka AMA Pro Racing) which was immediately rejected by the AMA Board. Bramblett said he offered to place $5 million in an escrow account to show that he was serious, and that the exact selling price would have been negotiated after examination of Paradama’s current contractual negotiations. Bramblett said that, if the purchase had gone through, he would have continued to run under AMA sanction and would have created long-term (20-year) series and event franchises to give promoters the ability to build their events and series.