Sports Business

Senate OKs Indianapolis Motor Speedway funding plan

February 19, 2013
Associated Press
A plan providing up to $100 million in state funding toward improvements at the Indianapolis Motor Speedway has won approval from the Indiana Senate.
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Tax break would barely put dent in Speedway's to-do listRestricted Content

February 16, 2013
Anthony Schoettle
The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
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Longtime Indianapolis Motor Speedway exec departing for Austin trackRestricted Content

February 16, 2013
Mel Harder had been with the Speedway for 22 years, most recently overseeing operations and facilities management for the famed Brickyard.
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Bill to support Speedway with state taxes passes committee

February 14, 2013
Anthony Schoettle
The Indiana Senate Appropriations Committee on Thursday morning unanimously passed a bill that would capture state tax money generated at the Indianapolis Motor Speedway and give it back to the track to improve the facility.
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Speedway businesses eye gains from IMS upgrade

February 11, 2013
 IBJ Staff
Nearby businesses hope upgrades to the Indianapolis Motor Speedway from a proposed state taxing district would pave the way for additional offerings at the venue, including night racing.
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IMS seeks state help for $70M in upgrades

February 9, 2013
 IBJ Staff
A state senator plans to introduce a bill creating an Indiana Motorsports Investment District that would capture state sales, income and corporate taxes for future investment in the Speedway.
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NCAA asks court to toss suit over Sandusky fine

February 7, 2013
Bloomberg News
The Indianapolis-based National Collegiate Athletic Association asked a federal judge to throw out a Pennsylvania lawsuit challenging penalties imposed on Pennsylvania State University over the Jerry Sandusky child-abuse case.
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MainGate calls audible during blackout, tops sales forecasts

February 5, 2013
Anthony Schoettle
Pregame emergency plans help MainGate Inc. go into scramble mode and keep Super Bowl merchandise shops at the Superdome open even while the lights were out.
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Big Easy Super Bowl attraction crowds fall short of Indy's

February 4, 2013
Anthony Schoettle
Attendance this year for the Super Bowl-related NFL Experience and downtown village in New Orleans fell far short of what was achieved in Indianapolis last year.
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NBA All-Star Game alluring, but no local bid in sightRestricted Content

February 2, 2013
Greg Andrews
The 1985 NBA All-Star Game remains the only all-star game the league has held in Indianapolis—a curious omission given the city’s propensity for landing big-time events.
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Arrival of NBA jersey ads likely to net Pacers millionsRestricted Content

February 2, 2013
Anthony Schoettle
The NBA is on the verge of allowing advertising on player jerseys, a potential source of revenue long resisted by major U.S. sports leagues. The question now is how much money the move will generate for small-market teams like the Indiana Pacers.
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Super Bowl ticket prices lag those for last year's game

February 1, 2013
Anthony Schoettle
Asking prices for tickets on the secondary market for Sunday’s Super Bowl in New Orleans are dramatically lower than they were last year when the game was in Indianapolis.
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New Indy soccer team tops 1,500 season tickets

January 31, 2013
Organizers of the team say they've received deposits for 1,500 season tickets just two weeks after local developer Ersal Ozdemir unveiled his plans to launch the minor league squad.
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Insurer tapping Super Bowl to continue ad campaign

January 30, 2013
Scott Olson
Indiana Farm Bureau Insurance will unveil two new ads during game-day coverage Sunday as part of its successful "Stop Knocking on Wood" marketing effort.
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Colts GM Grigson named NFL executive of year

January 28, 2013
Associated Press
Indianapolis Colts General Manager Ryan Grigson has been named Sporting News' NFL Executive of the Year, the publication announced Monday.
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NFL harpoons Pendleton man's trademark application

January 28, 2013
Bloomberg News
Thinking that brothers Jim and John Harbaugh might go head to head in this year's Super Bowl, Roy Fox last year filed applications to register “Harbowl” and “Harbaugh Bowl” as U.S. trademarks.
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IHSAA bylaw targets recruiting of younger athletes

January 27, 2013
Associated Press
For the first time in history, the Indiana High School Athletic Association's bylaws on recruitment are no longer being applied to high school students alone. With the passing of Bylaw 20-2, potential student-athletes as young as 10 could lose their high school eligibility if recruitment is found.
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Mahern wants council members to disclose free game tix

January 25, 2013
Kathleen McLaughlin
The Indianapolis City-County Council is poised to approve a huge increase in ticket taxes on professional sports, and one council member wants to make sure those voting on the hike disclose the freebies they get for Pacers and Colts games.
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Soccer stadium could be development springboardRestricted Content

January 19, 2013
Anthony Schoettle
Landing a North American Soccer League franchise might be the easiest part of Indianapolis developer Ersal Ozdemir’s grand plan, which includes building a downtown soccer stadium and surrounding it with retail and residential space.
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Pacers voice recognized in sportscasters Hall of FameRestricted Content

January 19, 2013
Twice named Indiana’s Sportscaster of the Year by the National Sportswriters and Sportscasters Association, Boyle also has been recognized as the top talk show host in Indianapolis by Indianapolis Monthly magazine.
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Lids and MainGate gear up for Super BowlRestricted Content

January 19, 2013
The companies, newly appointed to handle merchandise sale for the mega-event, are bringing in talent from across the country to staff the game in New Orleans.
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Colts lose assistant coach Arians to Arizona Cardinals

January 17, 2013
Associated Press
The Arizona Cardinals have filled the NFL’s final head coaching vacancy by hiring Indianapolis Colts offensive coordinator Bruce Arians. The 60-year-old longtime assistant went 9-3 as Colts interim head coach while Chuck Pagano was undergoing treatment for leukemia last season.
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NCAA says Penn State fine money in special account

January 17, 2013
Associated Press
The NCAA said Thursday it has no immediate plans to spend the $12 million already paid to it as part of the sanctions against Penn State University over its handling of child sex abuse allegations against former assistant football coach Jerry Sandusky.
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Colts trying to tackle proposed ticket-tax hike

January 16, 2013
Cory Schouten
The Indianapolis Colts are playing defense as city leaders move to hike a ticket tax on downtown events by 67 percent. The team says raising the tax on tickets from 6 percent to 10 percent will harm its bottom line and that of local businesses that rely on Colts fans.
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Well-known Indianapolis developer launching pro soccer team

January 15, 2013
Anthony Schoettle
Keystone Group President Ersal Ozdemir plans to launch a soccer franchise in 2014 and build a soccer-specific stadium by 2017.
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  1. With Pence running the ship good luck with a new government building on the site. He does everything on the cheap except unnecessary roads line a new beltway( like we need that). Things like state of the art office buildings and light rail will never be seen as an asset to these types. They don't get that these are the things that help a city prosper.

  2. Does the $100,000,000,000 include salaries for members of Congress?

  3. "But that doesn't change how the piece plays to most of the people who will see it." If it stands out so little during the day as you seem to suggest maybe most of the people who actually see it will be those present when it is dark enough to experience its full effects.

  4. That's the mentality of most retail marketers. In this case Leo was asked to build the brand. HHG then had a bad sales quarter and rather than stay the course, now want to go back to the schlock that Zimmerman provides (at a considerable cut in price.) And while HHG salesmen are, by far, the pushiest salesmen I have ever experienced, I believe they are NOT paid on commission. But that doesn't mean they aren't trained to be aggressive.

  5. The reason HHG's sales team hits you from the moment you walk through the door is the same reason car salesmen do the same thing: Commission. HHG's folks are paid by commission they and need to hit sales targets or get cut, while BB does not. The sales figures are aggressive, so turnover rate is high. Electronics are the largest commission earners along with non-needed warranties, service plans etc, known in the industry as 'cheese'. The wholesale base price is listed on the cryptic price tag in the string of numbers near the bar code. Know how to decipher it and you get things at cost, with little to no commission to the sales persons. Whether or not this is fair, is more of a moral question than a financial one.

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