A Statement Released by Clear Channel Entertainment—Motorsports

AURORA, Ill (November 27, 2002) – In response to the AMA’s recent pressreleases and subsequent lawsuit, Clear Channel Entertainment—Motorsportstoday released the following statement.

The statement released by Ken Hudgens, Clear Channel Entertainment’s vicepresident of marketing.

“Clear Channel Entertainment—Motorsports is the promoter of the AMASupercross Series and the THQ World Supercross GP Series of which the U.S.championship events are a part.

AMA Pro Racing acknowledged and agreed to this ‘series within a series’concept from the outset of our new contractual relationship with them lastspring—in the contract itself, in our many discussions with them, and intheir statements to the press.

AMA Pro Racing apparently now has a dispute with the FIM, the internationalsanctioning body of which it is an affiliate, over whether AMA recognizesFIM’s ultimate authority over the conduct of motorcycle racing sanctioned byits affiliates when such events are part of a world championship. That isnot Clear Channel Entertainment—Motorsports’ dispute, and it will have noeffect on the upcoming supercross season, which kicks off in Geneva,Switzerland on December 7, 2002.”