Sports Business

Irsay arrest may bring NFL punishment, sharpen scrutiny on bowl bid

March 17, 2014
Anthony Schoetle
The drug-related arrest of Indianapolis Colts owner Jim Irsay could bring repercussions from the National Football League and might play a factor in the city's bid for the 2018 Super Bowl.
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IndyCar expected to sign Verizon as much-needed title sponsor

March 7, 2014
Anthony Schoettle
Verizon Wireless is set to sign a deal to become the title sponsor of the IndyCar Series beginning this season, sources familiar with the deal said Friday afternoon. The deal is reportedly worth $10 million a year for at least five years.
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Speedway outsources concession stand operations

March 7, 2014
Anthony Schoettle
The Indianapolis Motor Speedway on Friday reached a multiyear deal with Illinois-based Levy Restaurants to operate concession stands and manage premium beverage operations during major events.
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Soccer team owner concedes battle for stadium funds this year

March 6, 2014
 IBJ Staff
The owner of the Indy Eleven soccer franchise has conceded that his push for state financing help for a proposed 18,500-seat, $87 million stadium in Indianapolis will have to wait on the bench for another legislative session.
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Former college running back sues NCAA over scholarship caps

March 5, 2014
Bloomberg News
The Indianapolis-based National Collegiate Athletic Association and five of college football's regional conferences, including the Big Ten, were sued by a former West Virginia University player who claims they agreed to limit the value of scholarships to less than the actual cost of attendance.
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Panther sues IndyCar, Rahal Letterman over sponsor deal

March 3, 2014
Associated Press
Indianapolis-based Panther Racing Inc.'s lawsuit against Rahal Letterman Lanigan Racing, IndyCar and others says it lost a $17.2 million sponsorship because of bid-rigging and other improprieties.
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NCAA, ex-college players ordered to hold settlement talks

February 28, 2014
Bloomberg News
The National Collegiate Athletic Association and ex-college athletes have been ordered to hold settlement talks in an $800 million lawsuit claiming the Indianapolis-based NCAA illegally blocks student players from profiting from the use of their images.
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Analysis casts doubt on revenue projection for soccer stadium

February 27, 2014
Kathleen McLaughlin, Cory Schouten
The Indy Eleven soccer team would generate just $2 million to $4 million a year in ticket sales, a fraction of the $51 million that owner Ersal Ozdemir has estimated a new downtown stadium would generate including non-soccer events, according to an independent analysis.
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Offer may extend deadline on Anderson's Wigwam gym

February 27, 2014
Associated Press
Leaders of an effort to save Anderson's iconic Wigwam gymnasium are working on a proposal that could extend a deadline for deciding on its possible demolition by a few months.
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IPS violating law requiring equal athletic opportunities

February 26, 2014
Associated Press
The cash-strapped Indianapolis Public Schools must provide more athletic opportunities for female students at six high schools to comply with Title IX, the U.S. Department of Education said Wednesday.
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Big Ten men's basketball tourney already sold out

February 24, 2014
 IBJ Staff
The tournament is returning to downtown’s Bankers Life Fieldhouse after being played at the United Center in Chicago a year ago. It will be the ninth time Indianapolis has hosted the tournament in the event's 16-year history.
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Indy Eleven says new stadium crucial for long-term successRestricted Content

February 22, 2014
Anthony Schoettle
The Indy Eleven won’t play its first game for nearly seven weeks. But officials with the North American Soccer League franchise say there’s already an urgent need to plow ahead with building the team an $87 million stadium.
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LOPRESTI: Win or lose, Rady’s kids cut down the nets

February 22, 2014
For 50 years, Pat Rady has been coaching basketball in Indiana. Love of the game doesn't get much greater.
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Judge: NCAA must face trial on ex-player licensing revenue

February 21, 2014
Players seeking a share of $800 million a year in licensing fees for televised games received a sympathetic ear from a federal judge in California.
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House committee helps Indy Eleven stadium project

February 20, 2014
Kathleen McLaughlin
The Ways and Means Committee voted 18-2 Thursday afternoon in favor of a bill that would facilitate a new downtown soccer venue.
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Repairs to begin Wednesday on Assembly Hall

February 18, 2014
 IBJ Staff
Indiana University officials expect to know by noon whether regularly scheduled games still will be held in the arena. A large piece of metal fell from the ceiling into the stands on Tuesday, but officials believe it was an isolated incident.
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Vintage-car entrants for Speedway race zoom past maximum

February 18, 2014
Anthony Schoettle
The rush of drivers trying to enter a new vintage car race at the IMS was so fast and furious that the event promoter has been forced to turn away many of them.
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Team owner pitches lawmakers on soccer stadium

February 14, 2014
Kathleen McLaughlin
Indy Eleven owner Ersal Ozdemir fielded questions from legislators Thursday about the $87 million, state-financed outdoor stadium he has proposed. The meeting started with a warm reception for Ozdemir, and lacked any testimony against the plan.
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Verizon Wireless to sponsor eight of Montoya's races

February 10, 2014
Associated Press
Roger Penske wasn't worried about finding a sponsor for Juan Pablo Montoya when he signed him, believing there would be interest in the Colombian's return to open-wheel racing.
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Pacers on track to post best attendance in 13 yearsRestricted Content

February 8, 2014
Anthony Schoettle
The NBA season isn’t supposed to start in earnest until after the Super Bowl. But the Indiana Pacers this season didn’t wait until an NFL champion was crowned to go red hot—on and off the court.
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Back to the future: Speedway to host vintage-car race event

February 5, 2014
Anthony Schoettle
The track has scheduled yet another new event for 2014. The move is bound to draw criticism from traditionalists who think Speedway officials are diluting the venue's heritage by bringing in so many extra races.
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Critics push IndyCar chief to shift focus to driver developmentRestricted Content

February 1, 2014
Anthony Schoettle
There’s no disputing that Hulman & Co. CEO Mark Miles has added horsepower to the IndyCar Series and Indianapolis Motor Speedway in his first year on the job. But there are grumblings Miles has not focused enough on the products that literally drive the series—the drivers themselves.
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New shooting range draws crowd in Hamilton County; another in the works

February 1, 2014
Kathleen McLaughlin
The northern-suburb county should have two shooting ranges operating by the end of this year; owners of both business say Hamilton County is a ripe market.
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At Perfect North, there's no business like snow business

February 1, 2014
Lou Harry

“The first year, we had about 700 visitors,” said Chip Perfect. “That’s a typical Saturday for us now.”

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Notre Dame plans $400M stadium, campus expansion

January 29, 2014
Associated Press
The Rev. John Jenkins, the university president, called it "the most ambitious building project in the 172-year history of Notre Dame," saying more space was needed to accommodate the university's broadening research activity.
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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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