Sports Business

2012 NEWSMAKER: Miles adds to diverse business, sports career

December 28, 2012
 IBJ Staff
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
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REWIND: IBJ's top 10 business stories of 2012

December 26, 2012
Top 10 business stories of 2012 Watch
                           VideoThe state's labor landscape changed, and the housing market improved. Indianapolis basked in the glow of a flawless Super Bowl, and big-name CEOs were shown the door. IBJ's reporters and editors recall the year's biggest stories.
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Pagano back to coach Colts after cancer treatment

December 24, 2012
Associated Press
Nearly three months to the day after being diagnosed with leukemia, the Colts' first-year coach returned to a team eager to reunite with a boss healthy enough to go back to work.
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Ballard may wrest management of fieldhouse from Pacers

December 22, 2012
Kathleen McLaughlin
Indianapolis recently agreed to pay $10 million to help Pacers Sports & Entertainment run Bankers Life Fieldhouse for another year, but Mayor Greg Ballard wants to find out in the meantime whether the city can get a better deal on the venue’s management.
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Churchill Downs targets Indy market with Derby trips

December 21, 2012
Anthony Schoettle
In May, Churchill Downs will roll out its Derby Experiences travel package in the Indianapolis and Chicago markets—using luxury buses to shuttle horse racing fans to and from May's Kentucky Derby for the first time.
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Rewind: IBJ.com's 10 most popular videos of 2012

December 19, 2012
Mason King
Top 10 videos of 2012 watch
                           video iconZipping from the Super Bowl Village to a federal fraud trial, IBJ counts down its most-watched online videos in a year of triumph and retribution.
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Indy team owners pledge $750,000 each to orchestra

December 19, 2012
Associated Press
The donations from Jim Irsay and Herb Simon, combined with a $500,000 challenge grant from symphony board member Yvonne Shaheen, bring the orchestra nearly halfway toward its goal of raising $5 million by Feb. 3.
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Crossroads Classic pleases fans, but long-term future uncertain

December 18, 2012
Anthony Schoettle
The two-year trial of the Crossroads Classic doubleheader basketball event has drawn capacity crowds to Indianapolis. But there are still scheduling concerns to be worked out if the fledgling event is to become a long-term college basketball tradition.
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Speculation grows about Butler leaving Atlantic 10

December 18, 2012
Associated Press
Butler University President James Danko has said little to counter reports that Butler is considering leaving the Atlantic 10 Conference for a newly formed league.
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BENNER: Arlington girls dealt hard—but valuable—life-long lessonRestricted Content

December 15, 2012
Bill Benner
The score was 107-2. I repeat: 107-2.
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Surprise on-field success driving Colts' club-seat salesRestricted Content

December 15, 2012
Anthony Schoettle
What had looked like a bleak scenario for renewals took a positive turn thanks to wins racked up by the team and rookie quarterback Andrew Luck.
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Marian University wins national football title

December 13, 2012
Associated Press
Marian University of Indianapolis captured its first national title Thursday night in only its sixth season of football.
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CIB to consider 1-year extension with Pacers, source says

December 10, 2012
Kathleen McLaughlin
The Capital Improvement Board of Marion County is expected to seek a one-year extension of its current lease deal with Pacers Sports & Entertainment, according to a former board member and current Indianapolis city-county councilor.
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BENNER: Remembering one of the most significant handshakes in sportsRestricted Content

December 8, 2012
Bill Benner
It was the flashbulbs. That’s what he remembers. That’s what everyone remembers who witnessed the moment nearly 50 years ago in East Lansing, Mich.
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Deal to save racing show had many twists, turnsRestricted Content

December 8, 2012
Anthony Schoettle
In a matter of a few months, operators of the Performance Racing Industry show and its upstart rival, the International Motorsports Industry Show, went from being bitter rivals to merging—a deal that will return the world’s largest motorsports trade show to Indianapolis next December.
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New Hulman & Co. CEO eyes changes to resurrect open-wheel racingRestricted Content

December 8, 2012
Anthony Schoettle
New Hulman and Co. CEO Mark Miles will focus in his new role on all of Hulman & Co.’s ventures—including real estate holdings and Clabber Girl. But his biggest challenge will be turning around the money-losing IndyCar Series and bolstering one of the region’s most famous landmarks—the Indianapolis Motor Speedway.
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IndyCar releases Lotus from engine-supply contract

December 7, 2012
Associated Press
IndyCar has released Lotus from its contract, leaving Chevrolet and Honda as the only two engine suppliers for the upcoming season.
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Face-lift nearly complete at Eagle Creek golf courses

December 7, 2012
Kathleen McLaughlin
Eagle Creek Golf Club received a long-awaited face-lift this year under a contract that will rescue the city from most of its expenses stemming from the previous operator’s loan default.
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Study: Motorsports industry contributes 23,000 jobs

December 6, 2012
Scott Olson
Purdue University says jobs created by the racing sector in Indiana pay an average annual wage of nearly $63,000, well above the $39,700 state average.
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Purdue hires football coach Hazell from Kent State

December 5, 2012
Associated Press
Purdue University has hired Darrell Hazell as its new football coach. Hazell won this season's Mid-American Conference coach of the year award after leading Kent State to its first winning season since 2001.
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Big Ten football title game crowd disappoints organizers

December 4, 2012
Scott Olson
Organizers of the Big Ten football championship played in Indianapolis say they’ll consider making changes for next year’s game in an attempt to boost attendance.
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Luck apparel sales soar for MainGateRestricted Content

December 1, 2012
The rookie quarterback's jersey is No. 6 in sales among all NFL players, according to the league.
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Demand soft for Big Ten football title game tickets

November 29, 2012
Scott Olson
Organizers of the Big Ten Conference football championship game are facing third-and-long in their quest to fill Lucas Oil Stadium for Saturday night's matchup. A glut of tickets remains available on the secondary market.
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Purdue makes quick decision to fire football coach Hope

November 26, 2012
Associated Press
Purdue wants a football team that can get to the Rose Bowl, and decided Danny Hope was not the coach to take it there. Replacement names already percolating include Northern Illinois' Dave Doeren, Illinois State's Brock Spack and Ball State's Pete Lembo.
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New NBA revenue split gives Pacers cash infusionRestricted Content

November 24, 2012
Anthony Schoettle
The NBA’s new collective bargaining agreement will dramatically boost the amount of money the Indiana Pacers get from the league, but it won’t be enough to put the team in the black.
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  1. Uh, sorry Johnnie, but you are incorrect. Despite the assertions by yourself and various defenders and captains, sports attendance is NOT off significantly at most sporting events in the US. Variances in attendance has been in the range of single digits, both + & - for years now. MLB has had most of its best overall attendance nubers in the last decade, and that trend has been consistent for most major sporting events. The number one issue cited by most fans when asked about attendance is the overall cost of attending. The presence of HD and big screen televisions in home doesn't even register, as a factor for not attending an event. VALUE in the product is the key, and apparently is something lacking in the current ICS. What other explanation is there when with what is routinely touted as the "best" racing on the planet, fans are staying away in DROVES. A "close" title battle into the last event at Fontana, with the "cars and stars" of the ICS, and who showed up? MAYBE 8K. Sorry, but HD TV isn't to blame for that kind of fan apathy.

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