Sports Business

UPDATE: NFL suspends Irsay for 6 games, fines him $500,000

September 2, 2014
 Associated Press and IBJ Staff
Indianapolis Colts owner Jim Irsay has been suspended for six games and fined a maximum $500,000 by the National Football League for violating the league's personal conduct policy, the NFL said Tuesday.
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St. Vincent considers $14M sports performance facility at Marian

September 2, 2014
Jeff Newman
Marian University, St. Vincent Health and four amateur sports groups have entered into formal discussions that could result in major developments at the northwest-side campus, the university announced Tuesday.
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UPDATE: Irsay pleads guilty to misdemeanor in drug case

September 2, 2014
Associated Press
Colts owner Jim Irsay will be on probation for a year and be required to submit to drug tests. His driver's license has been suspended for one year.
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Indians cross home with record attendance blast

September 2, 2014
Mason King
Throwing up big numbers in the bottom of the ninth, the Indianapolis Indians established a new single-season attendance record for Victory Field on Saturday in the team's last home game.
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Colts helping train high school coachesRestricted Content

August 30, 2014
Thanks to $40,000 donated by the Indianapolis Colts, USA Football’s Heads Up Football safety program will be offered to all Indiana high school football coaches in 2015.
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Large crowds buoying pro sports teams

August 30, 2014
Anthony Schoettle
There’s never been a better time to be a professional sports franchise operator in Indianapolis. Season-ticket renewal rates and attendance are near record levels. But some observers wonder whether too much of a good thing could turn into a bad thing if spending on sports outruns growth in the local economy.
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Change of plea hearing set for Colts owner Irsay

August 29, 2014
Associated Press
A change of plea hearing has been set for Tuesday for Indianapolis Colts owner Jim Irsay, who faces drug-related charges following a March traffic stop.
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Longtime NCAA executive Isch set to retire

August 26, 2014
Associated Press
Chief operating officer Jim Isch announced he would retire early next year, a move that is prompting NCAA President Mark Emmert to reorganize his top staff.
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NBA unveils new rules to make baselines safer

August 26, 2014
Associated Press
Clearing the congestion behind the playing area was planned even before Indiana Pacer Paul George broke his right leg when he crashed into the stanchion last month during a USA Basketball exhibition game.
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NCAA files intent to appeal O'Bannon decision

August 21, 2014
Associated Press
The NCAA has notified the 9th U.S. Circuit Court of Appeals that it intends to appeal a judge's ruling in the Ed O'Bannon case that it violated antitrust laws. What's unclear is how the NCAA's legal team will attack the ruling.
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Carmel sports marketing firm plans headquarters expansion

August 19, 2014
U/S Sports Advisors said it will spend $1.1 million on an expansion at its Carmel headquarters, increasing employment by 36 jobs by the end of 2018.
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NCAA's strongest argument might be cap limit

August 20, 2010
Associated Press
The NCAA's best argument against the Ed O'Bannon ruling may be the financial limits imposed by U.S. District Judge Claudia Wilken — the same ones the NCAA lauded in her decision.
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Colts' Irsay seeks delay of trial on DWI charges

August 18, 2014
Associated Press
An attorney for Indianapolis Colts owner Jim Irsay filed the request for the continuance Monday. His trial had been scheduled for Aug. 28.
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Carpenter, Fisher to merge IndyCar teams in 2015

August 17, 2014
Associated Press
Ed Carpenter Racing and Sarah Fisher Hartman Racing said Saturday they will unite to form CFH Racing. The Indianapolis-based teams will be headquartered at Fisher Hartman offices a few blocks from Indianapolis Motor Speedway.
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Hendricks County pitching motorsports skill, expertise to medical manufacturers

August 16, 2014
Anthony Schoettle
Hendricks County finds pay dirt pitching skills of racing industry to medical device manufacturers.
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Recent minor-league team sales suggest Indians worth $40M-plus

August 16, 2014
Anthony Schoettle
A stunning string of sales of minor-league baseball teams this year suggests the Indianapolis Indians’ current stock buy-back offer might be undervaluing the franchise.
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Kravitz leaves Indy Star for job with WTHR

August 7, 2009
Anthony Schoettle
After 14 years as the Star's lead sports columnist and most recognized personality, Bob Kravitz resigned Thursday shortly after 3:30 p.m. “I agonized over this decision for days and days,” he said of joining Channel 13's sports staff.
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NCAA seeks clarification from court in O'Bannon ruling

August 11, 2014
Associated Press
The NCAA is going back to court in Oakland, California—to clarify two points in U.S. District Judge Claudia Wilken's ruling.
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CIB to provide $5M for natatorium maintenance

August 11, 2014
Kathleen McLaughlin
The Capital Improvement Board of Managers of Marion County voted Monday to give the Indiana Sports Corp. $500,000 a year for the next 10 years to create a reserve fund for maintenance on the IU Natatorium at IUPUI.
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Experts: Political move could help NCAA avoid more court woes

August 11, 2014
 Bloomberg News analysis
Analysts say the Indianapolis-based NCAA could ask Congress for an antitrust exemption that, coupled with some reform, would help the organization maintain the basic model of college sports.
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Tag Heuer signs sponsorship with IndyCar, SpeedwayRestricted Content

August 9, 2014
IndyCar Series officials announced a deal Aug. 6 making Switzerland-based TAG Heuer the official watch of the open-wheel series and Indianapolis Motor Speedway.
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NCAA decision paves way for more aid to athletes

August 8, 2014
Bloomberg News
The changes may further increase the wealth gap between the 65 schools in the top five conferences and the rest of the Indianapolis-based NCAA’s roughly 350 Division I members.
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Pennsylvania, NCAA seek time for talks in Penn State suit

August 7, 2014
Associated Press
Lawyers for the NCAA, the governor of Pennsylvania and others asked a judge to give them a month to work on a possible settlement of a lawsuit over the penalties Penn State University is paying for mishandling the Jerry Sandusky child molestation scandal.
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NCAA grants more power to five biggest conferences

August 7, 2014
Associated Press
The NCAA Board of Directors overwhelmingly passed historic reforms Thursday that will give the five biggest conferences, including the Big Ten, the ability to unilaterally change some basic rules governing college sports.
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City OKs $10M in street upgrades for natatorium plan

August 6, 2014
 IBJ Staff
The Indianapolis Metropolitan Development Commission on Wednesday approved $10 million in downtown tax-increment financing funds to pay for street improvements on the IUPUI campus. The contribution works in conjunction with IUPUI's $20 million overhaul of the IU Natatorium.
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