Sports Business

IndyCar cancels China race, scrambles for replacement

June 13, 2012
Anthony Schoettle
Series now needs another race to fulfill sponsor agreements. Sources say a replacement race at Pocono Raceway or Elkhart Lake, Wis., is possible.
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BENNER: Crooked Stick may be too small for today's pro golfersRestricted Content

June 9, 2012
Bill Benner
Even a visionary like Pete Dye couldn’t see a half-century into the future.
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Racing simulator lands real tax break for two-seatersRestricted Content

June 9, 2012
Legislature agreed to extend to Indy Racing Experience the same sales-tax exemption enjoyed by race teams.
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BENNER: Indy 500 still a passion play for the paying customerRestricted Content

May 31, 2012
Bill Benner
For this Indy guy, there is nothing that says Indy—or Indiana—like the Indy 500.
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Reports of owner discord circulate around IndyCar CEO Bernard

May 31, 2012
Associated Press
A Speed.com report claims IndyCar founder Tony George and a handful of team owners are behind a charge to have Randy Bernard fired. Also listed were team owners John Barnes, Kevin Kalkhoven, Michael Andretti and his father, Mario.
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Local businessmen chronicling high school sports titles

May 30, 2012
Scott Olson
Ray Compton, Mike Jansen and Bob Lovell are using their love of sports to produce and sell DVDs capturing high school sports seasons.
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Franchitti earns nearly $2.5 million for Indy 500 win

May 29, 2012
Associated Press
Dario Franchitti landed $2,474,280 from an overall purse of $13,285,815 for Sunday's victory. The four-time series champion from Scotland became just the 10th driver to win IndyCar's signature event at least three times.
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Indy 500 in the books, but heat isn't a record

May 27, 2012
Associated Press
Fans sought shade under the grandstands and beneath umbrellas. Misting stations got a healthy workout. But Sunday's Indianapolis 500 won't go down in the record books as the hottest in the 101-year history of the race.
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Ganassi Racing dominates as Franchitti wins 3rd Indy 500

May 27, 2012
Associated Press
Dario Franchitti stamped his name in the record books by winning his third Indy 500 on Sunday, a day that started and ended as a tribute to Dan Wheldon, who won the race a year ago but was killed in an October crash in the IndyCar season finale.
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Playoff run pushes Pacers closer to profitabilityRestricted Content

May 26, 2012
Anthony Schoettle
The Indiana Pacers’ playoff run and a decreased player payroll—along with $10 million from the city’s Capital Improvement Board—have brought the team closer to breaking even this year, but not out of the red, sports business experts say.
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BENNER: Will playoff-fueled Pacer passion last until November?Restricted Content

May 26, 2012
Bill Benner
Curious, isn’t it, that Indiana Pacers forward Danny Granger plays the “we don’t get any national respect” card when he, in particular, and his team, in general, spent virtually all of this past National Basketball Association season not getting much in the way of local respect?
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Indy speedway replaces stage following inspection

May 25, 2012
Associated Press
A temporary outdoor stage set up to entertain race fans at the Indianapolis Motor Speedway has been replaced after it failed to meet new safety standards enacted by the state following last year's deadly stage collapse at the Indiana State Fair.
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IndyCar settles lawsuit over Izod sponsorship

May 25, 2012
Scott Olson
A Florida-based sports marketing firm had claimed in a lawsuit that it was owed million of dollars in commissions for landing the clothing brand as the league's title sponsor.
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Andretti Autosport may expand into NASCAR

May 23, 2012
Anthony Schoettle
Sources close to Indianapolis-based Andretti Autosport say officials for the IndyCar Series team are talking to Dodge executives about putting a team in NASCAR next year.
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Bicycle race to debut in Speedway

May 22, 2012
Anthony Schoettle
More than 400 two-wheel racers and thousands of spectators are expected to descend on downtown Speedway June 1 for the first Tri West Criterium. Top cyclists are expected to hit average speeds of near 30 miles an hour on a tight, closed course.
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Local market tunes in Pacers playoff in 'huge' numbers

May 21, 2012
Anthony Schoettle
On Sunday, the Indiana Pacers grabbed the attention of a big chunk of the local market, drawing nearly 10 times the television audience they did for their regular-season games.
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AT THE TRACK: Viso busts out personal best

May 21, 2012
Mason King
at the track
                           viso qualify watch videoIBJ's video series captures up-and-coming driver E.J. Viso as he scores a third-row starting position in qualifying, a big leap from his previous best at the Indy 500.
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IMS officials hope new cars boost attendance, TV ratingsRestricted Content

May 19, 2012
Anthony Schoettle
Gearheads are sure to be excited over the new engine and chassis package at the Indianapolis 500 this year, but IMS and IndyCar Series officials hope the highly publicized changes will be enough to grab the attention of more casual fans and create an attendance and TV ratings boost.
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New ads reflect IMS' more-aggressive sponsorship mindsetRestricted Content

May 19, 2012
Anthony Schoettle
The Indianapolis Motor Speedway is selling advertising along the world-famous, 103-year-old race course for the first time ever, a break with tradition that promises to boost its financial firepower as racetracks nationwide are struggling.
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BENNER: Violence in sports is supply meeting our demand to winRestricted Content

May 19, 2012
Bill Benner
The recent suicide of former San Diego Chargers linebacker Junior Seau is the latest exclamation point to growing concern about the violence that is part of football, especially in the NFL.
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MainGate enjoys boost from Pacers' playoff 'gold-out' promotion

May 18, 2012
Anthony Schoettle
A deep playoff run by the Indiana Pacers could be good news for Indianapolis-based merchandising company MainGate Inc., which produced the promotional T-shirts used at Thursday night's victory over the Miami Heat and is working on promotions for future games.
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Pacers' Bird named NBA's executive of the year

May 17, 2012
Associated Press
Indiana Pacers President Larry Bird was voted National Basketball Association Executive of the Year on Wednesday, becoming the first person to win the award after also receiving the league's MVP and Coach of the Year honors.
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AT THE TRACK: Day of practice leaves room for improvement

May 17, 2012
Mason King
At track watch video practiceIBJ follows driver E.J. Viso and his team of engineers and mechanics during a sometimes-frustrating practice day at the Speedway.
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AT THE TRACK: Viso ready to hit higher gear

May 15, 2012
Mason King
Viso_Watch_VideoThe 26-year-old Venezuelan driver E.J. Viso hopes this year's Indy 500 will be his next step toward a breakout season, propelled by greater patience, a new race engineer and the tutelage of Jimmy Vasser.
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City’s final tab for hosting Super Bowl: $1 million

May 14, 2012
Scott Olson
CIB and city tourism leaders say that the money was well spent considering the game could translate to $300 million in direct visitor spending over the next several years.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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