Sports Business

500 Festival Mini Marathon might not fill field

April 20, 2014
Associated Press
With less than two weeks to go, the 38th 500 Festival Mini Marathon might not have a full field for the first time in 12 years.
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City’s $160M deal adds to Pacers' financial winning streakRestricted Content

April 19, 2014
Anthony Schoettle
The Pacers' revenue stream this season has increased about $42 million from where it was during the 2008-2009 season, and the team’s finances could get even brighter as the NBA negotiates a new national television package.
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CIB OKs Pacers subsidy after promise of no additional taxes

April 14, 2014
Anthony Schoettle
The city’s Capital Improvement Board on Monday afternoon unanimously approved a $160 million, 10-year finance package to the Indiana Pacers for the operations of Bankers Life Fieldhouse.
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CIB chief: $160M Pacers deal won't require tax hike

April 11, 2014
Greg Andrews
CIB President Ann Lathrop said Friday that debt refinancings at low interest rates have freed up money to fund capital projects at the 14-year-old Bankers Life Fieldhouse.
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Stephen Simon surfaces as Pacers' heir apparent

April 11, 2014
Greg Andrews, Kathleen McLaughlin, Scott Olson, Anthony Schoettle
Stephen Simon has been increasingly involved with the team since his father, Herb, acquired full ownership of the franchise before the death of Herb's brother Melvin in 2009.
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UPDATE: City reaches $160M deal with Pacers

April 10, 2014
Greg Andrews, Cory Schouten
The city's Capital Improvement Board will spend $160 million over 10 years on subsidy payments and stadium improvements for the Indiana Pacers in exchange for a lease extension through the 2023-2024 season.
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Approval for $22M sports complex sought in Greenwood

April 8, 2014
 Associated Press and IBJ Staff
The project by Sarasota-based GoodSports Enterprises would include a 124-bed hotel and an attached 85,000-square-foot fieldhouse, built on the land once targeted by Cabela's.
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Indy-based Web firm for coaches makes Atlanta acquisition

April 7, 2014
Dan Human
Startup dot-com BookIt Commerce Inc. is in the midst of expanding its site for vetting and marketing coaches into new markets.
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NCAA's Emmert: Unionization 'grossly inappropriate'

April 7, 2014
Associated Press
President Mark Emmert said Sunday that the NCAA wants to allow the big conferences with moneymaking teams to write their own rules, and those changes could solve many athletes' complaints more effectively than unionization.
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Private colleges may be among first to see fallout from NLRB ruling

April 5, 2014
Anthony Schoettle
A March 26 decision by the National Labor Relations Board to let football players at Northwestern University unionize could trigger a tidal wave of changes across college athletics, including in Indiana, and for the NCAA itself.
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LOPRESTI: One Indy 500 race car will be covered with poignant stories

April 5, 2014
So maybe you’ve heard of Cutters Race Team. That’s the new idea where, for a few bucks, you can help sponsor an Indianapolis 500 race car.
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Big money under close scrutiny at NCAA Final Four

April 4, 2014
Bloomberg News
Kentucky's coaching staff will reap an extra $736,000 if the team wins the NCAA basketball tournament. Meanwhile, players are being asked by security to remove labels from water bottles at practice to avoid conflicts with a sponsorship agreement.
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College athletes take labor cause to Capitol Hill

April 2, 2014
Associated Press
Northwestern University athletes pressed their case for collective bargaining rights during meetings Wednesday with lawmakers, as a vote was scheduled for them to decide whether to authorize a union.
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Indy Fuel sign 5-year farm pact with Chicago Blackhawks

April 1, 2014
 IBJ Staff
Given the fan following for the Stanley Cup champion Blackhawks in central Indiana, the agreement stands to be a significant boost for the Fuel, who begin play in October at the renovated Indiana State Fairgrounds Coliseum.
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LOPRESTI: More hand-wringing than hoops for three teams that fell fast

March 29, 2014
Indiana, Purdue and Butler all find themselves at a crossroads after disappointing seasons.
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Budding Pacers star George lands Gatorade contract

March 28, 2014
Associated Press
On Friday, Gatorade will introduce Pacer Paul George as its newest NBA spokesman in a lineup that already features prominent athletes such as Dwyane Wade, Peyton Manning, Serena Williams and Derek Jeter.
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Football labor decision might hurt schools, Moody's says

March 27, 2014
Bloomberg News
Lawsuits challenging amateurism in U.S. college sports may result in higher costs for universities and the National Collegiate Athletic Association, Moody’s Investors Service said Thursday.
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Northwestern football ruling seen changing college sports

March 26, 2014
Bloomberg News, Associated Press
In a stunning ruling that could revolutionize a college sports industry worth billions of dollars and have dramatic repercussions for the Indianapolis-based NCAA, a federal agency said Wednesday that players at Northwestern can unionize.
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Colts owner Irsay's court hearing delayed

March 25, 2014
Associated Press
The Hamilton County Prosecutor's Office issued a statement Tuesday saying the hearing was postponed "unless or until" formal charges are filed against him.
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Kentucky teams drive surge in demand for Indy's NCAA regional

March 24, 2014
Anthony Schoettle
Demand for tickets and local hotel rooms spiked once it became clear that Kentucky and Louisville would meet in the Sweet Sixteen at Lucas Oil Stadium this weekend.
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LOPRESTI: Milan miracle at 60

March 22, 2014
Plump Milan anniversary watch videoTwo Indiana hoops legends recreate March magic exactly 60 years after the game that inspired "Hoosiers." Watch 77-year-old Bobby Plump sink that final shot—twice.
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Westfield hopes to make money on Grand Park's ancillary development

March 22, 2014
Andrea Muirragui Davis
As competition kicks off at Westfield’s sprawling Grand Park Sports Campus, city leaders are working to recruit corporate partners willing to support their field of dreams.
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Irsay arrest spurs talk of Colts succession planRestricted Content

March 22, 2014
Anthony Schoettle
Indianapolis Colts owner Jim Irsay gave a clear signal in 2012 about his long-term succession plan by naming his three daughters vice chairwomen and co-owners. His March 16 arrest might hasten the launch of that plan, or at the very least give Colts fans a glimpse of what it will look like.
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As lease expiration nears, Indians continue years of investment in Victory FieldRestricted Content

March 22, 2014
Anthony Schoettle
For almost 18 years, the Indianapolis Indians have poured tens of millions of dollars into Victory Field while the city has spent hardly a dime.
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Colts owner enters treatment center following arrest

March 18, 2014
Associated Press
Jim Irsay's family says the Indianapolis Colts owner has placed himself in health care treatment following his arrest on preliminary charges of driving while intoxicated and possession of a controlled substance.
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  1. By Mr. Lee's own admission, he basically ran pro-bono ads on the billboard. Paying advertisers didn't want ads on a controversial, ugly billboard that turned off customers. At least one of Mr. Lee's free advertisers dropped out early because they found that Mr. Lee's advertising was having negative impact. So Mr. Lee is disingenous to say the city now owes him for lost revenue. Mr. Lee quickly realized his monstrosity had a dim future and is trying to get the city to bail him out. And that's why the billboard came down so quickly.

  2. Merchants Square is back. The small strip center to the south of 116th is 100% leased, McAlister’s is doing well in the outlot building. The former O’Charleys is leased but is going through permitting with the State and the town of Carmel. Mac Grill is closing all of their Indy locations (not just Merchants) and this will allow for a new restaurant concept to backfill both of their locations. As for the north side of 116th a new dinner movie theater and brewery is under construction to fill most of the vacancy left by Hobby Lobby and Old Navy.

  3. Yes it does have an ethics commission which enforce the law which prohibits 12 specific items. google it

  4. Thanks for reading and replying. If you want to see the differentiation for research, speaking and consulting, check out the spreadsheet I linked to at the bottom of the post; it is broken out exactly that way. I can only include so much detail in a blog post before it becomes something other than a blog post.

  5. 1. There is no allegation of corruption, Marty, to imply otherwise if false. 2. Is the "State Rule" a law? I suspect not. 3. Is Mr. Woodruff obligated via an employment agreement (contractual obligation) to not work with the engineering firm? 4. In many states a right to earn a living will trump non-competes and other contractual obligations, does Mr. Woodruff's personal right to earn a living trump any contractual obligations that might or might not be out there. 5. Lawyers in state government routinely go work for law firms they were formally working with in their regulatory actions. You can see a steady stream to firms like B&D from state government. It would be interesting for IBJ to do a review of current lawyers and find out how their past decisions affected the law firms clients. Since there is a buffer between regulated company and the regulator working for a law firm technically is not in violation of ethics but you have to wonder if decisions were made in favor of certain firms and quid pro quo jobs resulted. Start with the DOI in this review. Very interesting.

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