Sports Business

Colts to remain with Jim Irsay after divorce

November 21, 2013
 IBJ Staff
Jim and Meg Irsay announced on Thursday that they had mutually agreed to end their 33-year marriage, and that Jim would maintain 100-percent ownership of the Indianapolis Colts, estimated to be worth $1.2 billion.
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NCAA sues Electronic Arts over athlete lawsuit settlement

November 20, 2013
Bloomberg News
The National Collegiate Athletic Association sued Electronic Arts Inc., saying the video-game maker hasn’t agreed to indemnify the NCAA for legal claims by college athletes and hasn’t maintained insurance to do so.
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Proposed GM plan reserves space for soccer stadiumRestricted Content

November 9, 2013
Anthony Schoettle
One of the players vying to redevelop the former General Motors metal-stamping plant has set aside room in his plans for a roughly 10,000-seat stadium where his own North American Soccer League franchise could play.
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Pacers hire sports writer, exec Bill Benner as senior VP

November 6, 2013
Jeff Newman
The Longtime Indianapolis sports journalist and executive has left the Horizon League to join Pacers Sports & Entertainment as senior vice president of corporate, community and public relations.
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Racing home: Fast-growing trade show returns to IndyRestricted Content

November 2, 2013
Anthony Schoettle
The upcoming Performance Racing Industry Show—in its first year back in Indianapolis since 2004—is beating expectations for exhibitors, attendees and, most important, visitor spending.
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NCAA loses bid to dismiss ex-athletes’ antitrust claims

October 27, 2013
Bloomberg News
The National Collegiate Athletic Association lost a bid to dismiss antitrust claims in a lawsuit brought by ex-student athletes over the use of their images and likenesses on television and in video games.
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Ritzier hotels may lure top events, but year-round demand unclear

October 26, 2013
Anthony Schoettle
Indianapolis lacks a five-star hotel, a fact some hospitality experts think could hurt the city’s chances of landing the 2018 Super Bowl. But there’s no consensus on whether the city should go more upscale.
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Foreclosure suit tests HDG Mansur on a new frontRestricted Content

October 26, 2013
Greg Andrews
HGCC Lender LLC this month filed a $4.8 million foreclosure suit and asked a court to appoint a receiver for Hamilton Proper's 279-acre Hawthorns Golf & Country Club.
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National runners-up come up winners in grad rates

October 24, 2013
Associated Press
Of the 10 teams that reached the BCS football championship game and the men's and women's basketball Final Four, only one finished with a graduation rate lower than 70 percent in the NCAA's latest report.
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Colts' victory over Broncos reaps ratings bonanza in Indianapolis

October 21, 2013
 IBJ Staff
At one point, about 80 percent of the households in Indy watching TV Sunday night were tuned to Peyton Manning's spoiled homecoming.
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IUPUI seeks financial help to overhaul NatatoriumRestricted Content

October 19, 2013
Anthony Schoettle
Indiana University officials are seeking $17 million to $20 million to upgrade the Natatorium on the IUPUI campus and are considering turning day-to-day operations of the aquatics venue over to a third party.
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Manning brings his own economy when Broncos play

October 17, 2013
Bloomberg News
When Peyton Manning plays, ticket prices double on the secondary market and more people watch the game on television. He has as much influence with consumers as Bill Gates and actor Tom Hanks, a celebrity marketing expert says.
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Fox59 sportscaster Johnson leaving for new job

October 14, 2013
Chris O'Malley
WXIN-TV Fox59 waved goodbye this weekend to Jeremiah Johnson, who has covered sports at the Indianapolis station for nine years.
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Pacers land IEDC as court sponsorRestricted Content

October 12, 2013
Anthony Schoettle
The Indiana Pacers have brokered a deal with an unusual sponsor—the Indiana Economic Development Corp.—to become the first of 30 National Basketball Association teams to sell courtside ads emblazoned on the hardwood.
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Colts’ Luck signs with tech startup selling skullcap that rates impact

October 10, 2013
Bloomberg News
Indianapolis Colts quarterback Andrew Luck got an equity stake to join the sports advisory board of MC10, a technology startup that released its first commercial product in July.
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Indianapolis named finalist for 2018 Super Bowl

October 8, 2013
Anthony Schoettle
Indy joins Minneapolis and New Orleans as the three NFL cities invited to bid on the big game. The 2012 Super Bowl had a $176 million direct economic impact on the city, a study said.
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Bowl bid could come down to Indy, old Texas nemesis

October 8, 2013
Anthony Schoettle
League sources say Indianapolis and Dallas will be among the finalists announced Tuesday for the 2018 Super Bowl. That will pit Colts owner Jim Irsay against powerful Cowboys owner Jerry Jones.
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Speedway's May 'Grand Prix' requires road track overhaul

October 2, 2013
Associated Press
The new 14-turn, 2.434-mile course will be run the opposite direction of the Indy 500 on a newly resurfaced track that will be wider, have longer straightaways and three new passing zones, Indianapolis Motor Speedway officials announced Tuesday.
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NFL free-agent lawyer sets sights on NCAA

October 1, 2013
Bloomberg News
Jeff Kessler, an attorney who helped bring free agency to the National Football League, is about to focus on the unpaid athletes who generate more than $16 billion in college sports television contracts.
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City's pro soccer team signs sponsorship deal with Honda

October 1, 2013
Anthony Schoettle
The three-year deal will net the new North American Soccer League team Indy Eleven about $1 million over the term of the agreement and will offer the franchise a critical marketing partner.
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Dream teams for tourism industry

September 28, 2013
Anthony Schoettle
Youth sports events reap millions for Indianapolis and its neighbors.
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Indianapolis Motor Speedway takes bids for food, souvenirsRestricted Content

September 28, 2013
Anthony Schoettle
The Indianapolis Motor Speedway has put its merchandise and food and beverage contracts up for bid for the first time in its 104-year history.
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Izod dropping IndyCar Series sponsorship

September 27, 2013
 IBJ Staff
The apparel brand Izod is dropping its partnership with the IndyCar Series after the conclusion of the 2013 season, leaving the open-wheel racing series without a title sponsor.
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IndyCar to run road race at Speedway in May

September 26, 2013
 IBJ Staff
The unusual move will mark the open-wheel series' first race on the hallowed track's winding interior course. And it's the highest-profile break from tradition yet in the tenure of new Hulman & Co. CEO Mark Miles.
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All-star forward George signs extension with Pacers

September 25, 2013
Bloomberg News
Team officials have not released details, but the contract is reported to be for five years and worth $80 million-plus.
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