WPSA Going out of business - YES - Off-Road Forums & Discussion Groups
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post #1 of (permalink) Old 04-22-2008, 01:52 PM Thread Starter
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Exclamation WPSA Going out of business - YES

So what do you think? Rumors are flying, race teams and sponsors are in a panic. With the opener set to go off next weekend, some teams were practicing instead of going to the ATVA MX race in VA this weekened.

With the May 3 - 4 WPSA race now "postponed", that did buy teams some more time, but then what? Suzuki and Kawi lead Pros were going to head to WPSA on weekends with conflicts - do you do that and give up ATVA points, when WPSA might not be around for a full season?

WPSA was THE name for snowmobile racing and had the best kick-ass tv coverage for ATV too this year - besides GNCC. Wha' happened?!




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post #2 of (permalink) Old 05-02-2008, 10:13 AM Thread Starter
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One step closer to reality. 90% certain.

Can-Am has pulled their factory teams commitment to the series already, will focus on ATVA MX.



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post #3 of (permalink) Old 05-02-2008, 01:41 PM Thread Starter
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It's Over Before It Started

White Bear Lake, MN (5/1/2008) - PowerSports Entertainment, Inc. announced today that it is has suspended corporate operations and as a result the WPSA 2008 PowerSports ATV Tour race schedule is now canceled.

"All of us here at the WPSA regret that we have no choice but to suspend operations and cancel the ATV tour at this time," said Rick Murphy, CEO of PowerSports Entertainment Inc. "We have been working diligently for many months to fundamentally improve our business model and acquire financing that would allow us to move forward, but we were not able to consummate the contemplated transactions and we foresee no significant increases in sponsorship or event revenue that would gap the projected deficits" added Murphy.

"While the company is considering a variety of options, none of these options would happen quickly enough to justify running the WPSA Championship ATV Tour according to our established standards and we believe that it is best to cancel the 2008 ATV season rather than attempt a watered down version," said Scott O'Malley, President of PEI. Adding, "We are attempting to find remedies that would allow us to resume operations, but at this time we have no firm solutions. Hopefully we will be successful in our endeavors."

"On behalf of Rick, Scott, Tes, myself, the WPSA staff, our volunteers and everyone else who worked their tails off to make the last two seasons happen, we offer our heartfelt thank you to the sponsors, our TV production company, the track owners & their local crews, the team owners, and all of our racers, parents and families who supported us so strongly," said Kent Lungstrom, EVP of PEI. "It deeply saddens all of us that we are not in a position to continue at this time and we regret that we have to shutter such a great series after much too short a run."

PEI may issue public announcements from time to time in the future as conditions warrant.



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post #4 of (permalink) Old 05-02-2008, 03:22 PM
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I know its a hard thing to do (run a race series) but these folks were pushing hard for TV coverage getting racers and sponsors. Im not sure of the promises that were made but this is NOT good for the ATV industry. Can you imagine what Can-AM and Suzuki are saying right now!

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post #5 of (permalink) Old 05-02-2008, 03:40 PM Thread Starter
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Sucks for the sponsored riders that have bought equipment, been training, made travel plans for those events...

I was really looking forward to Quad Terrain coverage on ORC this season. Was going to go to the Texas round myself!




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post #6 of (permalink) Old 05-11-2008, 11:29 AM Thread Starter
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ATVA MX Response

ATV MX Series Unveils ITP Tires Grand Slam Championship

MORGANTOWN, W. Va. (May 8, 2008) -- Riders contesting the ITP Tires/Moose Racing ATV National Motocross Championship Series Presented by Parts Unlimited will have a little something extra to shoot for this season as the ATV Promoters Group (ATVPG) unveils the ITP Tires Grand Slam Series. This four-race championship within the National Motocross Championship will award custom Gold, Silver and Bronze medals to the top-three overall finishers along with an extra “Grand” ($1,000) to the Pro winner at each event.

To be eligible, riders must compete in all four remaining Showcase Events with “First Base” at High Point Raceway in Mount Morris, Pa. (May 24-25); "Second Base" at Unadilla Valley Sports in New Berlin, N.Y. (June 7-8); "Third Base" at RedBud in Buchanan, Mich. (July 26-27); and the "Home Run" at Loretta Lynn's Dirt Days in Hurricane Mills, Tenn. (Aug. 9-10).

"We are excited to offer this addition to the 2008 racing season,” said Sam Gammon, ATVPG Director. "The ITP Tires Grand Slam will make it possible for riders to earn a little something extra this season, while also providing a second chance for riders who were either unable to compete in our earlier rounds or had a rough start to their racing season."

"ITP Tires is pleased to partner with the ATVA on this meaningful and exciting program," said Craig Peterson of ITP Tires. "This program will give significant rewards and accolades for riders who participate in the most prestigious events this season. We're thrilled to be a part of it."

Riders must compete in all four races in order to be eligible for the Grand Slam. The final awards will be presented following Loretta Lynn’s Dirt Days. The overall top three in each of the 34 classes from Pro to Youth will earn custom ITP Grand Slam medals.

The next race for the ITP Tires/Moose Racing ATV National Motocross Championship Series Presented by Parts Unlimited, the Concept Haulers ATV Showdown at Sunset Ridge, is scheduled for May 10-11 at Sunset Ridge MX in Walnut, Ill.



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