Sports Business

Pagenaud convinces Penske to expand to 4 IndyCar entries

October 1, 2014
Associated Press
Team Penske this week added the Frenchman to its IndyCar lineup, which will have four full-time cars next season for the first time in team history.
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Fuson replaces Morris as Indiana Pacers president

September 30, 2014
 IBJ Staff
The Indiana Pacers on Tuesday announced a front-office shuffle that will see longtime executive Rick Fuson replace Jim Morris as president of Pacers Sports & Entertainment. Morris will become vice chairman.
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Government: NFL TV 'blackout' rule unsportsmanlike

September 30, 2014
Associated Press
The vote won't actually end blackouts, which are written into the NFL's private contracts with broadcast and cable companies. But it means responsibility for blackouts now lies entirely with the NFL and its television partners, not the government.
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The Interview Issue: Doug Boles

September 27, 2014
Anthony Schoettle
Boles, president of Indianapolis Motor Speedway, says working for Mark Miles is similar to an earlier boss, former Mayor Steve Goldsmith.
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The Interview Issue: Mark Emmert

September 27, 2014
Mark Emmert, the president of the NCAA, is dealing with a full plate of controversies and lawsuits these days.
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The Interview Issue: Peter Wilt

September 27, 2014
Anthony Schoettle
Before he helped launch professional soccer in Indianapolis, Peter Wilt earned six championship rings and record business growth for professional soccer teams in four American soccer leagues.
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Tony Stewart won't face charges in deadly crash

September 24, 2014
Associated Press
A grand jury has decided against charging NASCAR star Tony Stewart in the August death of driver Kevin Ward Jr. at a sprint car race in upstate New York. Officials said Ward was under the influence of marijuana that night "enough to impair judgment."
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White takes next step in hoops career, becomes Fever coach

September 23, 2014
Associated Press
Stephanie White was the perfect fit to coach the Indiana Fever. After all, the Indiana native has virtually spent her whole life in the Hoosier state.
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Manning: Pot helping pizza business; Daniels 'could have been' president

September 21, 2014
Cory Schouten
Legalized marijuana has translated into booming business for Peyton Manning's Papa John's stores in the Denver area. He bought the franchises shortly before Colorado passed its legalization amendment in 2012.
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Skjodt plotting $25 million sports complex

September 20, 2014
Anthony Schoettle
Paul Skjodt, owner of the now-dormant Indiana Ice hockey team, has secured an option on 92 acres in a busy northwest-side corridor for a $25 million multi-use sports complex.
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Manager of Cultural Trail plans HQ project

September 20, 2014
Scott Olson
The not-for-profit that oversees the Indianapolis Cultural Trail and the Indiana Pacers Bikeshare program plans to shed its training wheels and renovate a former service station along the trail as its headquarters.
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Lean years loom for Capital Improvement Board

September 20, 2014
Kathleen McLaughlin
The Capital Improvement Board is headed for lean years, but it’s not for a lack of resources. The entity that oversees downtown convention and sports venues faces payment of two big debts.
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Year wait expected for start of Wigwam work

September 15, 2014
Associated Press
The developer taking over Anderson's Wigwam gymnasium is expecting to start work at the complex in about a year. The group plans to convert part of the complex into 55 multifamily housing units while maintaining the gym.
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Sports Corp., Speedway make way for new leadership

September 12, 2014
Kathleen McLaughlin, Anthony Schoetle
The change of guard at Indiana Sports Corp. will take place in late October, giving Ryan Vaughn time to finish out negotiations for the city’s 2015 budget, currently under review by the City-County Council.
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Melangton leaving Sports Corp. for IMS

September 12, 2014
Greg Andrews, Jeff Newman, Anthony Schoettle
Allison Melangton plans to step down as Indiana Sports Corp. president and will become senior vice president of events with Hulman & Co., parent of the Indianapolis Motor Speedway. Ryan Vaughn, chief of staff to Indianapolis Mayor Greg Ballard, will succeed Melangton.
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IU to provide business classes tailored to NFL players

September 12, 2014
Anthony Schoettle
The National Football League Players Association this month launched a first-of-its-kind partnership with the Indiana University Kelley School of Business.
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Ball State AD leaving for Marquette University

September 9, 2014
Associated Press
Bill Scholl joined Ball State in April 2012 after he spent 23 years in athletics administration at the University of Notre Dame, including the last three as deputy athletic director.
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PGA Tour event returning to Crooked Stick

September 9, 2014
Anthony Schoettle
The BMW Championship will tee off again at Carmel's Crooked Stick Golf Club in 2016. In 2012, the event, won by Rory McIlroy, generated $30 million in economic impact for the region.
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As other WNBA teams struggle, Indiana Fever becomes model of stability

September 6, 2014
Anthony Schoettle
An aggressive year-round sales effort and the backing of the Indiana Pacers’ owner and top executive have pushed the Indiana Fever to profitability and helped the 15-year-old team become one of the WNBA’s model franchises.
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IndyCar race director leaving after three seasons

September 5, 2014
Associated Press
Beaux Barfield is leaving his role as race director of IndyCar for the same position with the International Motor Sports Association's Tudor United Sports Car Championship Series.
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NCAA asks for dismissal of 2 scholarship lawsuits

September 4, 2014
Associated Press
The NCAA and 11 conferences that have played major college football in recent years have filed a motion to dismiss two antitrust lawsuits that accuse the association of illegally capping compensation to athletes.
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Lin Dunn's Hall of Fame career comes to an end

September 3, 2014
Associated Press
Indiana Fever coach Lin Dunn's postgame meeting with her players Wednesday was unlike any season wrap-up speech she had ever given.
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Colts aim to stay course during Irsay's absence

September 3, 2014
Associated Press
The Colts went back to work Wednesday as team owner Jim Irsay started his six-week suspension by the National Football League, just four days before the season opener against Peyton Manning and the Denver Broncos.
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Kokomo lines up team for new baseball stadium

September 3, 2014
 Associated Press and IBJ Staff
The Kokomo team will be part of the 12-team Prospect League, which features top collegiate players and includes teams in the Indiana cities of Terre Haute and Richmond. Other teams are in Ohio, Pennsylvania, Missouri, Illinois and West Virginia.
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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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  1. Cramer agrees...says don't buy it and sell it if you own it! Their "pay to play" cost is this issue. As long as they charge customers, they never will attain the critical mass needed to be a successful on company...Jim Cramer quote.

  2. My responses to some of the comments would include the following: 1. Our offer which included the forgiveness of debt (this is an immediate forgiveness and is not "spread over many years")represents debt that due to a reduction of interest rates in the economy arguably represents consideration together with the cash component of our offer that exceeds the $2.1 million apparently offered by another party. 2. The previous $2.1 million cash offer that was turned down by the CRC would have netted the CRC substantially less than $2.1 million. As a result even in hindsight the CRC was wise in turning down that offer. 3. With regard to "concerned Carmelite's" discussion of the previous financing Pedcor gave up $16.5 million in City debt in addition to the conveyance of the garage (appraised at $13 million)in exchange for the $22.5 million cash and debt obligations. The local media never discussed the $16.5 million in debt that we gave up which would show that we gave $29.5 million in value for the $23.5 million. 4.Pedcor would have been much happier if Brian was still operating his Deli and only made this offer as we believe that we can redevelop the building into something that will be better for the City and City Center where both Pedcor the citizens of Carmel have a large investment. Bruce Cordingley, President, Pedcor

  3. I've been looking for news on Corner Bakery, too, but there doesn't seem to be any info out there. I prefer them over Panera and Paradise so can't wait to see where they'll be!

  4. WGN actually is two channels: 1. WGN Chicago, seen only in Chicago (and parts of Canada) - this station is one of the flagship CW affiliates. 2. WGN America - a nationwide cable channel that doesn't carry any CW programming, and doesn't have local affiliates. (In addition, as WGN is owned by Tribune, just like WTTV, WTTK, and WXIN, I can't imagine they would do anything to help WISH.) In Indianapolis, CW programming is already seen on WTTV 4 and WTTK 29, and when CBS takes over those stations' main channels, the CW will move to a sub channel, such as 4.2 or 4.3 and 29.2 or 29.3. TBS is only a cable channel these days and does not affiliate with local stations. WISH could move the MyNetwork affiliation from WNDY 23 to WISH 8, but I am beginning to think they may prefer to put together their own lineup of syndicated programming instead. While much of it would be "reruns" from broadcast or cable, that's pretty much what the MyNetwork does these days anyway. So since WISH has the choice, they may want to customize their lineup by choosing programs that they feel will garner better ratings in this market.

  5. The Pedcor debt is from the CRC paying ~$23M for the Pedcor's parking garage at City Center that is apprased at $13M. Why did we pay over the top money for a private businesses parking? What did we get out of it? Pedcor got free parking for their apartment and business tenants. Pedcor now gets another building for free that taxpayers have ~$3M tied up in. This is NOT a win win for taxpayers. It is just a win for Pedcor who contributes heavily to the Friends of Jim Brainard. The campaign reports are on the Hamilton County website. http://www2.hamiltoncounty.in.gov/publicdocs/Campaign%20Finance%20Images/defaultfiles.asp?ARG1=Campaign Finance Images&ARG2=/Brainard, Jim

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