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AMA Pro Racing and the Virginia International Raceway have been having a war of the press releases the past few days, as it was announced that AMA road racing will not be taking place at the fabled mid-Atlantic track later next month. With AMA Pro Racing first announcing on Monday that the event scheduled for August 12th-14th was cancelled, the sentence immediately following that statement must have struck a nerve with VIR, as it read: “Despite AMA Pro Racing’s efforts to preserve the originally scheduled August 12-14 event, VIR staff notified AMA Pro Racing late Monday, July 11, of its final decision not to host or promote the race weekend.”

VIR followed up on Tuesday with a statement of it’s own, lambasting AMA Pro Racing for putting the blame on the Virginia track, and shifted the accusations onto AMA Pro Racing, who according to VIR was tardy in getting the raceway a contract in time to properly promote the event. With each side seemingly telling only part of the story, speculation has been rife as to what really went down between America’s premier road racing series, and one of our most prestigious venues.

Though we have no inside-knowledge of what transpired between the two parties, friction between tracks and promoters typically comes down to pie slices, and who gets the bigger piece. With VIR’s 10-year contract to host AMA Pro Racing in expiration, the renegotiation of the contract apparently fell apart. Reading between the lines on the press releases, it would seem to us that while negotiations have been ongoing, AMA Pro Racing gave VIR its final offer, which the track did not accept. While it is impossible to say who is right or wrong in this blow-out, it’s pretty easy to tell who the big losers are: the fans. Press releases after the jump.

Much of the talk about Valentino Rossi and his injuries have centered on the Italian’s leg, which was broken with a compound fracture at Mugello earlier this year. Despite causing Rossi to miss several races, the Italian’s biggest physical concern hasn’t been his leg, but instead his shoulder, which he injured in April while motocross training. The shoulder has been a lingering issue for Rossi ever since his return at Brno, which culminated this weekend with the Fiat-Yamaha team actually having to setup the M1 at Aragon to work around the injury.

With a lackluster performance this weekend, not to mention a disappointing return to GP racing in general, Rossi announced after Sunday’s race that he was considering having his shoulder operated on after the three fly-away races (Motegi, Sepang, and Phillip Island), which would effectively mean that the nine-time World Champion would miss MotoGP’s last two stops at Estoril and Valencia. )

This announcement is a big bombshell for the Yamaha camp, which could see its star rider, if we can still say that, again vacating from the team to heal his injuries. However again reading between the lines of the Italian, Rossi’s revelation this weekend has about as much to do with an injured shoulder as it does with putting pressure on Yamaha to release him from his contract in time to test the Ducati Desmosedici GP11 at Valencia.

Despite what you may be reading on the interwebernetz this morning, Max Biaggi has yet to renew his contract with Aprilia. Early reports are claiming that Biaggi has signed a two-year, €1 million/year contract with Aprilia that includes bonuses (likely performance based); however confirmation from the company says that’s not the case.

Aprilia, who is keen on giving Biaggi a pay cut next year, is close to winning its first WSBK title with the 39-year-old Italian at the helm. Meanwhile Biaggi is likely holding out for a pay increase, which is understandable since he’s been an unstoppable force this season.