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Discussion Starter #1
Posted 11/10
AHRMA reorganizes
• AHRMA has been defending itself for over 5½ years in a groundless
lawsuit
filed in federal court by Mr. Robert Iannucci and Team Obsolete. When
we
filed our claim with our insurance carrier (Reliance), we discovered
it was
insolvent in the largest insurance bankruptcy of its type in the
country. AHRMA
was able to secure coverage from the Wisconsin insurance insolvency
fund that
covered $300,000. It was anticipated this would cover the cost of the
case.
The fund has been exhausted. After five amended complaints, 245
docket
entries, protracted discovery disputes and other procedural
shenanigans, we remain
confident that we are absolutely not liable in this case. AHRMA has
done
nothing wrong.

• However, the costs of defending this action have been staggering,
and have
far exceeded estimates on which we relied.

• Although we are very confident of victory in the case, we do not
have
sufficient funds remaining to pursue the case in court.

• Settlement negotiations were conducted earlier this summer, but
were
unsuccessful within the resources available to us.

• In order to preserve our remaining resources, maintain the
integrity of
the association, and further the interests of our members, we have
filed a
petition under Chapter 11, which is the reorganization chapter of the
U.S.
Bankruptcy Code. This should be familiar to many of our members as we
routinely
see major U.S. airlines continue to operate and successfully emerge
from
Chapter 11, and continue to improve their operations. As with airline
passengers,
members of AHRMA will see no adverse affects.

• The filing of this petition will immediately stay the lawsuit, and
pending
reorganization, no further claims in the original case can be brought
against the association.

• All AHRMA operations will continue with full 2007 Road Race, Off
Road and
Dirt Track Schedules

AHRMA further intends to take this opportunity to revamp and modernize
services, as we clear the burden of the lawsuit, and emerge as a
stronger
association.

—AHRMA Board of Trustees

BORN TO LURK, FORCED TO WORK.
www.NYCvinMoto.com
www.VinMoto.org

Edited by - ROSKO on Nov 11 2006 1:59:00 PM
 

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just goes to show you what is good about the uscra, vrra, and wera.

i have very little sympathy for ahrma.

f 'em as i'm gonna be racing wera again this year.

tex

p.s.- i might even make a uscra race or two.
 

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Well, it looks like I will have to race WERA this year. I haven't run a WERA race since 91, but I think my 550 Seca fits in vintage 4 and Clubman so I can race both days. Maybe I'll see you at Summit, Tex.( I hate that track)

Ken
WERA #119

AHRMA 412
Vintage racing - old guys on old bikes
 

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Clearly, Rob I doesn't care about vintage motorcycle racing. There realy are no winners in his law suit. Just a lot of regular people that want to enjoy the sport but have to pay to support his LARGE EGO.
Henry
 

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i don't know about that henry. i think rob does like vintage motorcycle roadracing. i think he has a problem with the club that he started and how they handled the original suit over the BEARS tm (i don't wanna get sued either). roadracingworld said it best when they catagorized the 16 year litigation as this "pissing" match between team obsolete and ahrma. if your gonna say rob has a big ego, fine. but you gotta say that jeff smith and the people that followed his crusade against rob and team obsolete just as egocentric.

i guess we owe a debt of gratitude to bob coy (uscra) and eveyln and sean clarke (wera) for their commitment to u.s. vintage roadrace sans horseshit!

see you trackside at: loudon, summit, vir, and mosport.

texy

p.s.- awww ken, summit ain't that bad. plus wera runs a round at gratten and nelson too!
 

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But Texy, I hate the Ledges too. I have run 2 24hrs and an 8 hr endurance there and I bet the pavement has only gotten worse. I do like Grattan though and the tracks in the SE. I plan on being in Alaska for only one more year at most. After that I am moving back to Georgia where there is no snow and lots of good tracks. Pray for my soul up here in racing purgatory until I can get in more than 1 race a year.
I am feeling pretty pitiful right now.
Ken
WERA #119ex

AHRMA 412
Vintage racing - old guys on old bikes
 

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all i can say is, with the nice smooth surface at summit, im glad im going to be racing a dirtbike there next year. summit is great fun.

jc
 

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ken,

they repaved some sections of nelson. it's still dangerous with all those tires. damn mosquitos are lethal!

see you at summit (stay on the concrete).

texy
 

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That last paragraph is what really sucks to me. So an AHRMA trustee, that had high hopes of trying to make AHRMA better organization, took an unpaid seat on a vintage motorcycle racing board, and is now about to be sued. By a guy that's held a 15 year grudge. Because of another guy that's held a 15 year grudge.

Couple of real dickheads. And now one of the dickheads is running for another trustee seat. Fricken wonderfull.

$877,000 has been spent by AHRMA to get to this point. Could you imagine if that 877K had been spent on Motorcycle Racing?
 

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why didn't the trustees ever speak up or out about this matter? why does it suck only now that it reached 800k+ and now ahrma is bankrupt? if your a member of a board of directors you have a civic responsibility to represent the group. now that they are bankrupt a trustee can't say, "it's not my fault."

i think it sucked when ahrma spent it's first dollar toward this mess.

i guess the wera, uscra, and vrra grids will have some new faces next year, and for that i am thankful! just because the ahrma roadrace members might not have their vintage club doesn't mean that there is no more vintage racing. it just brings change, and sometimes change is necessary.

texy
 

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Texy,
Funny comments on the WERA board. HaHa
When is WERA gonna ome out with next year's schedule. Maybe I can make Summit if it is in late June or July. I have a WERA lifetime license. They used to give those after 15 years of continuous membership. I got mine in 90 or 91.

Ken
WERA #119

AHRMA 412
Vintage racing - old guys on old bikes
 

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i dont think they'll have a problem next year. my guess is that they'll go under, then some philanthropist will bail them out and keep it going. or they'll be bought up by some bigger organization who will bail them out. dont forget, there are alot of modern types that run them too.
the mx guys, and the flat track guys are pissed im sure. since T.O. doesnt really run with them. its like theyre taking it in the ass, for the roadracers. thats sucks big.

j
 

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AHRMA says they are still going to run their normal RR schedule next year, the whole deal may end up invisible to the average member. I don't think it will happen but it would be nice to see an extra 50 people show up to some USCRA races.

If AHRMA folds the USCRA would have the biggest grids in vintage racing. From the AHRMA races I've been to the grids are on average about the same as the USCRA I think...at least in the popular classes. AHRMA may average a few more, but not many. Depends on where and when.

I don't think AHRMA will be disappearing any time soon. They have a huge membership including the dirt racers. They probably have ten dirt races for every one RR they have.
Would be nice to see WERA pick up any slack, they seem a bit more casual and open minded.
JohnnyB
 

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I'm not sure there's going to be any larger grids in the USCRA because of this. USCRA races are now one day events. AHRMA racers are used to three day events. Not many are going to make the trek to the northeast for a single race on Monday. Also keep in mind that there is not as much bumping to a different class with AHRMA as there is with the USCRA. Most racers race one class and that's it. But they race one on Saturday and one on Sunday. With the full day on Friday for practice.

Now if Bob Coy would look into picking up the vacant AHRMA day at Beaver Run and have that race weekend be the full three days you might get some huge grids.
 
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