Sports Business

SportsRestricted Content

June 28, 2014
 IBJ Staff
Through 37 scheduled home games this year, 303,771 fans have come through the turnstiles.
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NFL agrees to remove $675 million cap on head injuries

June 25, 2014
Associated Press
The NFL agreed Wednesday to remove a $675 million cap on damages from thousands of concussion-related claims after a federal judge questioned whether there would be enough money to cover as many as 20,000 retired players.
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Ex-Colt testifies to Senate panel about brain damage

June 25, 2014
Associated Press
Former NFL tight end Ben Utecht told a Senate hearing Wednesday that he fears where his history of brain injuries will leave him in the future.
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Big Ten presidents back four-year scholarships

June 25, 2014
Associated Press
The league announced in a statement signed Tuesday by its 14 presidents that it proposes working within the NCAA structure to provide greater academic security for its athletes by guaranteeing scholarships for four years.
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College recruiting: Next promise could be paycheck

June 22, 2014
Associated Press analysis
Just what the future of big-time college athletics may look like if the NCAA loses a landmark antitrust suit is beginning to come into focus as attorneys representing former UCLA basketball star Ed O'Bannon and others press their case in court.
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Westfield scores $20M indoor soccer facility, restaurant

June 21, 2014
Andrea Muirragui Davis
Real estate developer Holladay Properties plans to build a $20 million indoor soccer facility at Westfield's Grand Park, providing a year-round venue at the sprawling sports campus—and a home for south-side institution Jonathan Byrd's first restaurant in Hamilton County.
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Late Pacers slump didn't slow season-ticket renewalsRestricted Content

June 21, 2014
Anthony Schoettle
The season-ticket renewal rate for next season is around 93 percent, and season-ticket sales are 15 percent ahead of last season, said Todd Taylor, the team’s chief marketing and sales officer.
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Angie's List Grand Prix sponsorship targets service providers

June 21, 2014
Dennis Barbosa
It was no surprise that the Indianapolis Motor Speedway approached the Indianapolis-based consumer-review service about sponsorship of the Grand Prix of Indianapolis before the inaugural event in May. But the first response from Angie’s List CEO Bill Oesterle was no.
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Trademark board rules against Redskins name

June 18, 2014
Associated Press
The U.S. Patent Office ruled Wednesday that the Washington Redskins nickname is "disparaging of Native Americans" and that the team's federal trademarks for the name must be canceled.
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Former Alabama standout testifies in NCAA antitrust case

June 12, 2014
Associated Press
Tyrone Prothro took the witness stand Wednesday as one of the plaintiffs in a landmark antitrust suit against the Indianapolis-based NCAA, detailing the highs and lows of his life as a football player.
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Ownership change backed for Anderson's Wigwam gym

June 11, 2014
Associated Press
The Anderson School Board is backing a plan that would give a private group control of the closed Wigwam gymnasium if it can come up with the money to reopen it.
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Expert testifies NCAA scholarship caps hurt competition

June 10, 2014
Bloomberg News
The National Collegiate Athletic Association stifles competition among schools for players by capping scholarships, a Stanford University professor said Tuesday at a trial in which athletes are seeking a cut of the billions of dollars generated by college sports.
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NCAA ex-athlete backs unpaid Little Leaguers in TV money trial

June 9, 2014
Bloomberg News
The outcome will determine whether the NCAA, which treats student-athletes as amateurs, has to stop barring them from negotiating their own deals in games that are broadcast.
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NCAA reaches $20M settlement of video game claims

June 9, 2014
Associated Press
The agreement was announced hours before the NCAA went to federal court in California to defend itself against a class-action lawsuit from former players over use of their images in broadcasts and video games.
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High-stakes NCAA amateurism trial gets under way

June 9, 2014
Bloomberg News
The case, brought by former UCLA basketball star Ed O'Bannon, could determine whether the NCAA has to negotiate with players seeking to be paid for appearing in televised games without forfeiting scholarships.
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Tiny Sheridan girds for inevitable growth

June 7, 2014
Andrea Muirragui Davis
The tiny Hamilton County community is mindful of sprawl in Carmel and Fishers, and is determined to absorb growth on its own terms.
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Lender to bankrupt country club puts on suitor’s cap

June 7, 2014
Greg Andrews
The lender for the Hawthorns Golf & Country Club is an affiliate of California-based Concert Golf Partners, which hopes to convert its debt into ownership of the Fishers club.
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Indy lands Big Ten championships through 2022

June 5, 2014
 IBJ Staff
Football will stay at Lucas Oil Stadium, and basketball will alternate with Chicago. The move allays suspicion that the conference intended to shift championship play to East Coast venues.
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Merger forms $382M, Indy-based motorcycle parts company

June 5, 2014
Dan Human
Indianapolis-based holding company LDI Ltd. has tripled its motorsports employee count and broadened its national reach with a deal for privately held Motorsport Aftermarket Group.
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Angie's List to affix name to Grand Prix as sponsor

June 3, 2014
Mason King
The consumer-review service has cut a deal to become the title sponsor of the Grand Prix of Indianapolis through 2016, and plans to help pack the stands with 5,000 of its own spectators.
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EA Sports to settle with NCAA athletes for $40 million

June 2, 2014
Associated Press
The settlement is with Electronic Arts and Collegiate Licensing Co., which licenses and markets college sports, and does not include the NCAA. A separate case against the Indianapolis-based NCAA is scheduled for trial early next year.
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Indianapolis cancels cricket championship

May 30, 2014
"Deteriorating" communications with the sponsoring organization forced the decision, the city of Indianapolis announced Friday afternoon.
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Driver Busch credits IndyCar for increased 500 TV ratings

May 30, 2014
Associated Press
The ratings increase could be attributed to Kurt Busch running both the Indy 500 and the Coca-Cola 600 on the same day, the first double attempt since 2004.
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IU medical school helping to lead $30M concussion study

May 30, 2014
Associated Press
The Indiana University School of Medicine will help oversee a three-year, $30 million concussion study being funded by the Indianapolis-based NCAA and the U.S. Defense Department.
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Former Colt, Bear take tax lawsuit to Ohio's top court

May 29, 2014
Bloomberg News
Former Indianapolis Colts center Jeff Saturday and ex-Chicago Bear linebacker Hunter Hillenmeyer are suing Cleveland over what they consider an "egregious and shameless money grab."
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  1. The $104K to CRC would go toward debts service on $486M of existing debt they already have from other things outside this project. Keystone buys the bonds for 3.8M from CRC, and CRC in turn pays for the parking and site work, and some time later CRC buys them back (with interest) from the projected annual property tax revenue from the entire TIF district (est. $415K / yr. from just this property, plus more from all the other property in the TIF district), which in theory would be about a 10-year term, give-or-take. CRC is basically betting on the future, that property values will increase, driving up the tax revenue to the limit of the annual increase cap on commercial property (I think that's 3%). It should be noted that Keystone can't print money (unlike the Federal Treasury) so commercial property tax can only come from consumers, in this case the apartment renters and consumers of the goods and services offered by the ground floor retailers, and employees in the form of lower non-mandatory compensation items, such as bonuses, benefits, 401K match, etc.

  2. $3B would hurt Lilly's bottom line if there were no insurance or Indemnity Agreement, but there is no way that large an award will be upheld on appeal. What's surprising is that the trial judge refused to reduce it. She must have thought there was evidence of a flagrant, unconscionable coverup and wanted to send a message.

  3. As a self-employed individual, I always saw outrageous price increases every year in a health insurance plan with preexisting condition costs -- something most employed groups never had to worry about. With spouse, I saw ALL Indiana "free market answer" plans' premiums raise 25%-45% each year.

  4. It's not who you chose to build it's how they build it. Architects and engineers decide how and what to use to build. builders just do the work. Architects & engineers still think the tarp over the escalators out at airport will hold for third time when it snows, ice storms.

  5. http://www.abcactionnews.com/news/duke-energy-customers-angry-about-money-for-nothing

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