Motorsports

Formula One boss embroiled in more controversy

November 9, 2011
Bloomberg News
Formula One CEO Bernie Ecclestone's latest controversies involve bribery allegations and the possible takeover of F1 by News Corp.
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NASCAR deal comes at good time for C&R RacingRestricted Content

November 5, 2011
Anthony Schoettle
The company will lose $2 million next year in IndyCar-related business, but company founder Chris Paulsen has no fear.
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Team owner sues IndyCar series over suspensionRestricted Content

October 29, 2011
 IBJ Staff
Mark Olson says he didn't have enough sponsorship income to field a car in two Firestone IndyLights events, but league thought he was orchestrating a boycott.
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Speedway hosts meetings about potential for electric car racing seriesRestricted Content

October 29, 2011
 IBJ Staff
The three-day conference looked at such things as design plans and technical infrastructure for electric racing vehicles, and preliminary business plans for such a series.
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IndyCar CEO Bernard revisits 'horrific' week

October 25, 2011
Associated Press
IndyCar CEO Randy Bernard knows there are people who blame him for Dan Wheldon's death, who say the IndyCar CEO pushed the series over the edge.
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Formula One cars to race in New Jersey in 2013

October 25, 2011
Formula One cars are scheduled to race through the streets of New Jersey in 2013, F1 CEO Bernie Ecclestone said. The last U.S. race was at the Indianapolis Motor Speedway in 2007.
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Fatal crash raises questions about IndyCar's future

October 17, 2011
Anthony Schoettle
Just as the IndyCar Series was gaining momentum, it suffered a terrible blow in Sunday's tragic 15-car accident. Analysts are concerned with how IndyCar CEO Randy Bernard will steer the series forward.
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Two-time Indy 500 champ Wheldon dies in Vegas crash

October 16, 2011
Associated Press
Dan Wheldon died Sunday after a massive, fiery wreck at the Las Vegas Indy 300, becoming the first IndyCar driver to die after an on-track crash since rookie Paul Dana was killed in practice on the morning of race day in 2006.
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Angie's List becomes main Sarah Fisher Racing sponsorRestricted Content

October 1, 2011
 IBJ Staff
The local consumer services firm will become the primary sponsor for the car driven by Tomas Scheckter.
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IndyCar's first Baltimore race outpaces crowd estimateRestricted Content

September 10, 2011
 IBJ Staff
The three-day drew 150,000, about 50,000 more than organizers had hoped.
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MotoGP race-day attendance up; three-day total down

August 29, 2011
Anthony Schoettle
Speedway officials expect an announcement within 30 days about whether the MotoGP race will be held in Indianapolis in 2012.
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City expects weather to boost MotoGP's economic impact

August 26, 2011
Anthony Schoettle
Sunny, mild weather could provide a 15-percent increase to the economic impact of this weekend's MotoGP events. Motorsports business experts said the city could see a $30 million impact.
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Patrick confirms full-time move to NASCAR in 2012

August 25, 2011
Associated Press
After months of skirting speculation, Danica Patrick announced Thursday that she's leaving IndyCar in 2012 to run a full Nationwide schedule. She didn't rule out a return to open-wheel racing for the Indianapolis 500.
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Danica Patrick is third-highest-paid female athleteRestricted Content

August 6, 2011
 IBJ Staff
The IndyCar driver's income is estimated at $12 million, according to Forbes.com.
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Lucas Oil Raceway aims to survive NASCAR exitRestricted Content

August 6, 2011
Anthony Schoettle
Despite losing two of its five biggest events—the NASCAR Nationwide and truck races—last month, Lucas Oil Raceway is already making plans to replace those events next summer and track officials are confident it will be profitable in 2012.
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Crown Royal signs on as Brickyard 400 title sponsor

July 28, 2011
Anthony Schoettle
Sources say the deal is worth about $15 million over five years—a much-needed boost for Indianapolis Motor Speedway officials struggling to stop attendance declines at the NASCAR race.
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Loss of race long-term pain, but short-term gain for track

July 18, 2011
Anthony Schoettle
Officials for Lucas Oil Raceway in Clermont say ticket sales for July 30's NASCAR Nationwide race are up significantly since the July 6 announcement that the race will move to Indianapolis Motor Speedway next year.
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Investor boosts Just Marketing's pursuit of F1 businessRestricted Content

July 16, 2011
Anthony Schoettle
Motorsports marketing guru Zak Brown believes selling about a fourth of his business to a London-based company will help fuel his phenomenal growth in the sponsorship business of Europe's Formula One racing.
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Communications giant WPP buys stake in Just Marketing

July 11, 2011
Anthony Schoettle
One of the world’s largest communications firms has acquired a stake in Just Marketing International, a locally based motorsports marketing firm that has been valued at about $100 million.
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Local motorsports supplier acquiring safety gear vendor

June 15, 2011
Atlanta-based Racer Wholesale has helped build national recognition for G-Force Racing Gear, which supplies racers with helmets, driving suits, gloves, shoes and other safety gear.
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Speedway's new generation makes markRestricted Content

May 28, 2011
Anthony Schoettle
While the Indianapolis Motor Speedway revels in its centennial this month and motorsports aficionados take a nostalgic look back, the next generation of heirs to the Hulman George fortune has its eyes firmly fixed on the future.
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Legal issues follow local race team into 500 weekend

May 27, 2011
Scott Olson
Indianapolis-based Panther Racing, which has two drivers in this weekend's Indy 500, has been sued by a former employee, its former landlord and even one of its former drivers, mostly over allegations of not paying its bills.
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Teams scramble to please sponsors during race week

May 25, 2011
Kathleen McLaughlin
Andretti Autosport's purchase of an Indy 500 ride for bumped driver Ryan Hunter-Reay is an extreme example of the influence sponsors wield in the sport, but it's not unusual for motorsports teams to wheel and deal during race week.
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IndyCar Series speeding toward new era in 2012Restricted Content

May 14, 2011
Anthony Schoettle
The centennial running of the Indianapolis 500 this year is almost overshadowed by changes that will make next year among the most important in the history of open-wheel racing.
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IndyCar Series makes deal with popular Facebook game

April 25, 2011
Anthony Schoettle
Indianapolis Motor Speedway landmarks and the cars of 13 open-wheel drivers are being featured in a game with 8 million nationwide players.
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  1. How can any company that has the cash and other assets be allowed to simply foreclose and not pay the debt? Simon, pay the debt and sell the property yourself. Don't just stiff the bank with the loan and require them to find a buyer.

  2. If you only knew....

  3. The proposal is structured in such a way that a private company (who has competitors in the marketplace) has struck a deal to get "financing" through utility ratepayers via IPL. Competitors to BlueIndy are at disadvantage now. The story isn't "how green can we be" but how creative "financing" through captive ratepayers benefits a company whose proposal should sink or float in the competitive marketplace without customer funding. If it was a great idea there would be financing available. IBJ needs to be doing a story on the utility ratemaking piece of this (which is pretty complicated) but instead it suggests that folks are whining about paying for being green.

  4. The facts contained in your post make your position so much more credible than those based on sheer emotion. Thanks for enlightening us.

  5. Please consider a couple of economic realities: First, retail is more consolidated now than it was when malls like this were built. There used to be many department stores. Now, in essence, there is one--Macy's. Right off, you've eliminated the need for multiple anchor stores in malls. And in-line retailers have consolidated or folded or have stopped building new stores because so much of their business is now online. The Limited, for example, Next, malls are closing all over the country, even some of the former gems are now derelict.Times change. And finally, as the income level of any particular area declines, so do the retail offerings. Sad, but true.

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