IMS, Foyt ink sponsor deals

December 18, 2008
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FoytFour companies signed deals to be presenting sponsors for the Indianapolis Motor Speedway’s Centennial Gala: Just Marketing International, Old National Bank, the Indiana Pacers and Honda. Financial terms of the deal were not disclosed.

The Gala, which will take place Feb. 27 at the Indiana Convention Center, will start the Speedway’s three-year Centennial Era celebration from 2009-2011. Law firm Ice Miller, an Indianapolis Motor Speedway business partner since the 1930s, is title sponsor of the Centennial Gala.

In other IRL sponsorship news, ABC Supply Co. Inc. has extended its contract with A.J. Foyt Racing to sponsor the No. 14 car driven by Vitor Meira. The contract locks in the sponsorship for the 2009-2010 seasons with an option for 2011. As part of the agreement, the company will again sponsor the ABC Supply/A.J. Foyt 225 IRL race at the Milwaukee Mile on May 31.
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  • Great news for AJ And Vitor. Let's hope Vitor has great success. He's a charger and deserving of victory lane!

    A great guy by the way!!!
  • In preparation for the trolls that will feed, namely (Brett, SSDave, Stan, and Duh Hooey), you people wouldn’t know a positive development or an adult conversation if it bit you in the rear or came to you in a vision. Oh, gee, did I use the “V” word, for shame…..Hey an idea for all of you, how about a nice enema? That way you’ll be relieved of your constipation, headaches, ugly thoughts, and, best of all, your delirium!
  • I have to tell you, enema isn't a word I would expect to find on a sports business blog. Good one.
  • oh snap, Detroit is gone. :lol:


    Fact > name calling BS
  • I think many were expecting Detroit to be gone. With the auto industry in great distress, seems highly unlikely they could find many sponsors and many attendees in the Motor City. Good thing they had their Superbowl, otherwise it would be in trouble as well. Rumor on the street is Ford may have to cancel their sponsorship contract with Ford Field. Especially if they end up taking bailout....I mean loan money.

    The next three years at IMS will be exciting with the 100 year anniversary of the track and the 100 year anniversary of the race coming up. Add in all of the plans in and around Speedway, this will be some fun times.
  • Financial terms not disclosed. Equals B2B. Equals zero dollars. I'm glad ABC will continue to sponsor another one of Jabba the Foyt's 'Murrican oval track heroes. It seems like yesterday that Meira was racing sprinters at Winchester.
  • CUTS AT VISION, IMS

    Tony George laid off 12 members of his Vision Racing team last week and
    is currently seeking sponsorship in order to keep Anthony Foyt IV on track. There were also cuts at the Indianapolis Motor Speedway and Indy Racing League, but no number was available.
  • berwick, do you have a paypal account, because I would like to make a donation so you can go out and get a clue.
  • Sounds to me like Robin Miller does not have the same sources as the IBJ when it comes to Foyt's sponsorship. Does that surprise anyone that Miller will fall over himself to write something negative toward Foyt? Does it surprise anyone that he has no contacts that would allow him to know about ABC reupping its contract?

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  1. Aaron is my fav!

  2. Let's see... $25M construction cost, they get $7.5M back from federal taxpayers, they're exempt from business property tax and use tax so that's about $2.5M PER YEAR they don't have to pay, permitting fees are cut in half for such projects, IPL will give them $4K under an incentive program, and under IPL's VFIT they'll be selling the power to IPL at 20 cents / kwh, nearly triple what a gas plant gets, about $6M / year for the 150-acre combined farms, and all of which is passed on to IPL customers. No jobs will be created either other than an handful of installers for a few weeks. Now here's the fun part...the panels (from CHINA) only cost about $5M on Alibaba, so where's the rest of the $25M going? Are they marking up the price to drive up the federal rebate? Indy Airport Solar Partners II LLC is owned by local firms Johnson-Melloh Solutions and Telemon Corp. They'll gross $6M / year in triple-rate power revenue, get another $12M next year from taxpayers for this new farm, on top of the $12M they got from taxpayers this year for the first farm, and have only laid out about $10-12M in materials plus installation labor for both farms combined, and $500K / year in annual land lease for both farms (est.). Over 15 years, that's over $70M net profit on a $12M investment, all from our wallets. What a boondoggle. It's time to wise up and give Thorium Energy your serious consideration. See http://energyfromthorium.com to learn more.

  3. Markus, I don't think a $2 Billion dollar surplus qualifies as saying we are out of money. Privatization does work. The government should only do what private industry can't or won't. What is proven is that any time the government tries to do something it costs more, comes in late and usually is lower quality.

  4. Some of the licenses that were added during Daniels' administration, such as requiring waiter/waitresses to be licensed to serve alcohol, are simply a way to generate revenue. At $35/server every 3 years, the state is generating millions of dollars on the backs of people who really need/want to work.

  5. I always giggle when I read comments from people complaining that a market is "too saturated" with one thing or another. What does that even mean? If someone is able to open and sustain a new business, whether you think there is room enough for them or not, more power to them. Personally, I love visiting as many of the new local breweries as possible. You do realize that most of these establishments include a dining component and therefore are pretty similar to restaurants, right? When was the last time I heard someone say "You know, I think we have too many locally owned restaurants"? Um, never...

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