Sports Business

Fairgrounds becoming running Mecca for races, fundraisers

July 3, 2013
Anthony Schoettle
What started with a call out of the blue last year has turned into a six-figure revenue stream for the Indiana State Fairgrounds. And that revenue stream could get a lot bigger.
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Indy 500 ticket renewals up despite price hikeRestricted Content

June 29, 2013
Anthony Schoettle
Indianapolis Motor Speedway officials say they’ve seen no adverse sales impact from a risky move to raise ticket prices for the 2014 Indianapolis 500 by about 15 percent—the first price increase in almost a decade.
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Out-of-the-way club caters to members' need for speed

June 29, 2013
Anthony Schoettle
Successful professionals that double as weekend race warriors and gear heads are drawn to a racetrack and club on the edge of the middle of nowhere by their love of cars and need for speed.
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Returning to run franchise, Bird hopes to take 'another step'

June 27, 2013
 IBJ Staff
A recharged Larry Bird, 56, will succeed Donnie Walsh, 72, as president of basketball operations for the Indiana Pacers. His return comes almost exactly a year after he stepped down, citing health concerns.
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Moody's revises NCAA credit outlook to negative

June 24, 2013
Associated Press
The NCAA's credit outlook has been downgraded by ratings agency Moody's as the governing body of college sports deals with an anti-trust lawsuit about the use of athletes' images and likenesses.
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Ivy Tech system high in grads, low in graduation rates

June 24, 2013
 IBJ Staff and Associated Press
Ivy Tech Community College ranks first among two-year educational institutions nationwide for the number of associate degrees it awards. But just 4 percent of students graduate within two years and only 23 percent earn diplomas in six years.
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Landmark NCAA player-likeness case set to get underway

June 19, 2013
Bloomberg News
Plaintiffs say the case, which heads to court Thursday, may reduce the $6.4 billion in annual revenue that universities get from athletics by as much as 50 percent.
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Suit: Menard pressured Tomisue Hilbert for sexual favors

June 15, 2013
J.K. Wall
The lawsuit charges Tomisue Hilbert's rejection of the billionaire is the real reason he launched a bitter battle to remove her husband, Steve Hilbert, as CEO of the Indianapolis-based private-equity funds the three of them started in 2005.
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City to host USA Cricket championships in 2014

June 14, 2013
The tournament is slated for the new Indianapolis World Sports Park on the far-east side for three years beginning in 2014, the USA Cricket Association said.
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Councilor raises questions about cricket group's track record

June 11, 2013
Kathleen McLaughlin
The USA Cricket Association, a group that Indianapolis Mayor Greg Ballard hopes will bring high-level competition to a new $6 million local sports park, staged zero national tournaments in 2012.
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NCAA wins dismissal of lawsuit over Sandusky fine

June 6, 2013
Bloomberg News
The lawsuit brought by Pennsylvania Gov. Tom Corbett failed to show a violation of federal antitrust law, U.S. District Judge Yvette Kane said in her decision throwing out the case.
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Local startup aims to revolutionize sports officiating

June 3, 2013
Anthony Schoettle
The Tyros has come up with what company officials call a unique way to teach and train game referees and officials in sports ranging from basketball, baseball and football to wrestling and fencing.
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Summer basketball league has become big draw for NBA, college starsRestricted Content

June 1, 2013
Anthony Schoettle
Carlos Knox runs The Knox Indy Pro Am Summer League, one of only a few nationwide where basketball fans can find top college and professional hoops stars facing off against one another on the hardwood.
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NCAA overhauls bidding for championshipsRestricted Content

June 1, 2013
Anthony Schoettle
The NCAA is overhauling its event bidding format, and in June will bid out 500 championship events to be played over the next four years.
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Paterno family sues NCAA over Penn State’s Sandusky fine

May 30, 2013
Bloomberg News
In a complaint filed Thursday, the family of the deceased coach and five members of the school’s board of trustees said the Indianapolis-based NCAA improperly interfered and grossly mishandled a criminal matter outside the scope of its authority.
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TV ratings droop near all-time low for Indy 500

May 28, 2013
 IBJ Staff and Associated Press
ABC-TV's telecast of the Indianapolis 500 on Sunday earned a 3.7 rating nationwide, one of the race's worst ratings performances in recent history.
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Mechanic sues Fisher team for alleged harassment

May 28, 2013
Associated Press
A former mechanic for Sarah Fisher/Hartman Racing says in a lawsuit that he was fired after he complained that a crewmate was sexually harassing him.
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Indianapolis Indians seeking new ad agencyRestricted Content

May 25, 2013
 IBJ Staff
Indianapolis-based Hirons & Co. has held the contract for 10 years. But earlier this year, the Indians decided it was time to see if Hirons or another agency had new ideas.
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$225M Westfield project in works

May 25, 2013
Andrea Muirragui Davis
Developer Steve Henke’s vision for Grand Park Village is grand: a 20-acre lake surrounded by an East Coast-style boardwalk lined with restaurants and shops. He sees a carousel at one end of the lake and a Ferris wheel at the other—with a beach, mini marina and watering hole in between.
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Indy 500 fans will find track security tighter this year

May 24, 2013
Associated Press
Fans coming to the Indianapolis Motor Speedway for this weekend's Indy 500 will notice some changes in the traditional routine in response to last month's bombing at the Boston Marathon.
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Denver-based firm laps up BlueMile running chain

May 23, 2013
Anthony Schoettle
BlueMile, a local six-store running specialty chain, has been acquired by a group that includes Indianapolis-based sports goliath The Finish Line Inc. The deal is expected to speed BlueMile's expansion.
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Kennedy partners with Olympic runner to buy shoe chain

May 22, 2013
Anthony Schoettle
Indiana running icon Bob Kennedy believes Movin Shoes Inc. has great potential for growth. Its California location doesn't violate Kennedy's non-compete agreement with Indiana's BlueMile chain.
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ESPN counting on story lines to sell Indy 500

May 21, 2013
Associated Press
There is no shortage of compelling story lines accompanying Sunday's race, leaving television executives feeling confident about another bump in viewership this year.
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Donors help after girl's stand shut down at track

May 21, 2013
Associated Press
Morgen Morris said she had a line of customers during Saturday's Indy 500 qualifications day when a Indianapolis Motor Speedway employee told her she had to shut down her lemonade stand.
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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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