Sports Business

Zak Brown turns down IndyCar CEO job

May 14, 2013
Associated Press
Brown said he instead will relocate in July to England to continue the growth of his Zionsville-based agency, Just Marketing International.
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Lawsuit threatens NCAA's amateur business modelRestricted Content

May 11, 2013
Anthony Schoettle
On June 20, a California federal court will determine if an antitrust lawsuit brought by former UCLA basketball player Ed O’Bannon—who argues he should’ve been paid for the use of his likeness on game broadcasts and in EA Sports video games—can become a class action.
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Pence signs $100 million Speedway funding bill

May 10, 2013
Associated Press
Indiana Gov. Mike Pence has signed a bill that will provide a $100 million state loan to the Indianapolis Motor Speedway for planned improvements.
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IUPUI to move men's hoops to fairgrounds Coliseum

May 9, 2013
 IBJ Staff
School and fairgrounds officials announced the five-year deal on Thursday. Playing in the 74-year-old landmark will more than quintuple seating capacity for Jaguar games.
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Pacers vs. Knicks almost sold out as ticket demand soars

May 8, 2013
Anthony Schoettle
The team plans to provide gold t-shirts for all in attendance for Saturday's game, which tips off at 8 p.m. Ticket packages for next season are selling as local enthusiasm builds.
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Stadium Lofts apartment project nears opening dayRestricted Content

May 4, 2013
Scott Olson
The unusual nature of the redevelopment and its location are driving strong leasing activity.
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Colts-themed restaurant could reopen with Irsay's aid

May 3, 2013
Scott Olson
Indianapolis Colts owner Jim Irsay has pledged to throw the owner of the Blue Crew Sports Grill a lifeline by paying his rent until the football season starts in September.
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Irsay may rescue Colts-themed restaurant

May 2, 2013
 IBJ Staff
Less than a day after its closure was announced, a Colts-themed restaurant on the far north side of Indianapolis may be getting a reprieve.
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Attorneys rev engines on racing circuits for relaxation

May 1, 2013
Marilyn Odendahl
Lawyers are traditionally known as hard-chargers, but these Indianapolis attorneys spend their weekends jockeying for position as pro- and semipro-level auto racers.
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Speedway state funding plan approved by lawmakers

April 27, 2013
Associated Press
The Indianapolis Motor Speedway could get $100 million in state assistance for planned improvements under a plan approved by Indiana legislators.
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New lights only the beginning for Brickyard changesRestricted Content

April 27, 2013
Anthony Schoettle
Everything is on the table for consideration, says new Hulman & Co. CEO Mark Miles.
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Speedway's Speed Zone redevelopment project in high gearRestricted Content

April 27, 2013
Anthony Schoettle
Some goals have been realized, while others are moving through the pipeline.
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Local racing team on verge of calling it quits after 500

April 26, 2013
 IBJ Staff and Associated Press
Carmel-based Panther/Dreyer & Reinbold Racing, a company that was in expansion mode as little as two years ago, plans to close shop after the Indy 500 if it can't find a new sponsor.
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Lawmakers forge deal to help Indianapolis Motor Speedway

April 26, 2013
 The Statehouse File
The plan authorizes the state to loan the Speedway $100 million—money it will borrow through bonds—to make the grandstands more accessible to people with disabilities and to install lights for night races.
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New pro soccer team to be called Indy Eleven

April 25, 2013
Anthony Schoettle
Indianapolis’ pro soccer team doesn’t make its on-field debut until April 2014, but organizers on Thursday unveiled the club’s name: Indy Eleven.
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New golf tour offering cash prizes despite USGA warning

April 25, 2013
Anthony Schoettle
The Hoosier Tour will give high-handicappers the chance to compete for prize purses at top courses across the Indianapolis area. But participants could become ineligible for sanctioned events.
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Pacers post solid attendance gains in regular season

April 23, 2013
Anthony Schoettle
Despite the negative noise this year about Pacers home attendance, the team had its second consecutive season increase. Revenue from tickets and sponsorships also rose.
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Republicans to question Ballard's $6M sports park

April 22, 2013
Kathleen McLaughlin
The City-County Council's GOP caucus will grill the mayor's staff in a private meeting Monday evening about plans for the park, which caught many of them by surprise last week.
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Ball State kicks off fundraising drive for sports facilities

April 22, 2013
The Division I university wants to invest $20 million for new and improved complexes for baseball, basketball, football and golf, among other sports.
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Investment group may bring pro hockey back to IndianapolisRestricted Content

April 20, 2013
Anthony Schoettle
Professional hockey will be skating back to the city in less than two years if Indiana State Fairgrounds officials get their wish.
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Not-for-profit credited with bringing dream of local pro soccer team to life

April 20, 2013
Anthony Schoettle
The Brickyard Battalion started informally as a support group for an imaginary soccer team. But it was the impetus for starting a real-life North American Soccer League franchise in Indianapolis, scheduled to launch next year.
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Marketing firm's founder mulls top IndyCar job, company sale

April 19, 2013
Anthony Schoettle
Spire Capital Partners has put its 50-percent stake in Zionsville-based Just Marketing International on the market, as the company's founder, Zak Brown, reportedly mulls accepting an offer to be CEO of the IndyCar racing series.
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Extra security set for this weekend's Little 500

April 17, 2013
Associated Press
Heightened security measures and an expanded police presence will greet visitors at this weekend's annual Little 500 bicycle races in response to Monday's deadly explosions at the Boston Marathon.
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Safety chief says more security likely at events

April 16, 2013
Associated Press
Indianapolis will increase security at upcoming events such as the 500 Festival Mini-Marathon and Komen Race for the Cure, but spectators likely won't notice the changes, Troy Riggs said.
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Officials express confidence in Indy 500 security plan

April 16, 2013
Associated Press
Indianapolis Motor Speedway officials and Indiana State Police feel good about their security plan for this year's Indy 500 and won't remove trash cans from the track in response to deadly blasts at the Boston Marathon.
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  1. In my opinion the estridge companies are crooks. They filed bankruptcy on their 'track housing' side of the business two weeks before they closed on one of my clients' homes. When my client first interviewed Estridge as a builder 6 months before, they specifically ASKED about the solvency of their business, knowing that some builders were struggling. Estridge truly misrepresented their financial situation at that time. I suppose I am more unhappy with the whole system than I am with the builder because what the heck==you can file bankruptcy on 'track homes' but still keep building and make money off of 'custom built' homes??? How ridiculous! They are all homes. How can a company be allowed to bilk thousands of dollars from their subcontractors but still be allowed to build houses?? they should have been made to pay back all their unpaid contractors before being allowed to profit from building any more houses! This alone makes them and the system crooks in my eyes. I would never build an estridge home and I would not recommend for my clients either. If they were truly 'bankrupt' how could they afford to keep building homes anyway??? The whole system needs fixed.

  2. I live a couple blocks east of the Angie's campus and my house is assessed for ~$160,000. If I could get that amount, let alone $384,000 (a 140% bonus), I'd sell in a minute. Either Angie's stockholders just got fleeced, or Angie's is getting about a 58% discount on their property taxes, if these properties are actually worth what they paid Mr. Oesterle for them. Which do you think is the case?

  3. Perhaps the IMA board is really to blame! They agreed to hire Charles. They can't seemingly find donors among themselves, or bring in new blood that will support the museums operating budget with an expanded museum and money to provide curators with something to do (ie buy art). The headlines of disarray at the museum and mass firings are hurting the reputation of the museum for some time to come. If people on the board had misgivings, perhaps they shpuld have more forcefully opposed efforts that they have seemingly been unable to fund, like expansion and the costs it has created!

  4. See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.

  5. I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.

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