Sports Business

Sanctions against Penn State were necessary, NCAA tells judge

May 20, 2013
Bloomberg News
The National Collegiate Athletic Association’s sanctions against Pennsylvania State University for its role in the Jerry Sandusky sex-abuse scandal were needed to protect the integrity of intercollegiate sports, a lawyer for the Indianapolis-based association argued in court Monday.
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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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