Speedway sells $3 million in new Indy 500 sponsorships

May 22, 2013
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Indianapolis Motor Speedway officials said an effort that started in 2011 has resulted this May in $3 million in new Indianapolis 500 sponsorship deals.

Total sponsorship revenue this year, IMS officials said, is up 9 percent over last year and more than 18 percent over 2011. Much of the success, they said, is due to the development of new sponsorship categories and filling vacant ones.

While financial terms of the specific deals were not disclosed, Speedway officials said sponsors will get a mix of track signage (premium sponsors will get signage visible during television broadcasts), tickets, hospitality offerings and the right to use Speedway and Indy 500 logos in their marketing.

In all, IMS officials said they’ve added 23 new sponsors and increased the packages of seven existing sponsors at the 2013 Indy 500. Most, however, are relatively small deals in the low-six-figure range, sports marketers said.

One of the biggest-name sponsors to join the Indy 500 paddock this year is Philadelphia-based Sunoco. While Sunoco has been an IndyCar series sponsor since 2011, Shell previously had an exclusive sponsorship deal at the IMS. Sunoco is expected to be active in promoting the race this year.

Also notable is Hardee’s, which is the first fast-food category sponsor at the track since 2008. Other big-name sponsors to join the race this year are Great Clips, Caterpillar and the National Guard.

Other new sponsors include: Abbott Laboratories (health care), Allied Solutions (insurance), Brand Affinity Technologies/Fantapper (photography), Bear Data Solutions (technology), Blue Renewable Energy/SunWize (solar), Bluegreen Resorts (vacation/resorts), BMG (staging/event production), Citizens Energy Group (water/energy), Gladiator GarageWorks (home improvement products), Global Tower Partners (telecommunications hardware), Growth Energy (ethanol fuel), K&N Filters (automotive supplies), Keihin (automotive specialty), Old National Bank (financial services), Plantronics (technology), Ray’s Trash Service (waste management and recycling), SMS Audio (electronics) and The Jackson Group (printing).

IndyCar teams are also gaining speed this May, with several new sponsors.

Sarah Fisher Hartman Racing this month signed a deal with Century 21. The residential real estate firm will be the primary sponsor of the car driven by up-and-comer Josef Newgarden and will promote its Smarter, Bolder, Faster campaign at the track this month.

On Monday, Indianapolis-based Angie’s List confirmed it would partner with Katherine Legge’s effort in the No. 81 Schmidt Peterson Pelfrey Motorsports Honda. Legge, a popular British driver, made the race after her deal came together on Pole Day Saturday.

Another Broken Egg Café, the popular breakfast, lunch and brunch spot in the Southeast that recently opened in Indianapolis at 9435 N. Meridian St., signed a deal to sponsor Ed Carpenter, who is sitting on the pole. The company’s vibrant rooster and broken egg logo has been installed on Carpenter’s No. 20 racecar.

KV Racing recently signed a deal to promote the launch of the energy drink N.O.-Explode. A bright red N.O.-Explode logo will adorn the highly visible shark fin on Tony Kanaan’s No. 11 car for the Indy 500 and five other IndyCar races in Detroit, Texas, Iowa, Pocono and Mid-Ohio.

 

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  • But, but, but this can't be. Chief and his loyal followers keep telling us this is a dying series and that it is fading fast. New big name sponsors, a new suppliers, the best racing but the haters feel it is dying. Go figure. That said, more good news for the race and the series. Miles needs to find the hook to bring up attendance and ratings. Obviously big name companies are willing to spend millions supporting the series.
  • Where's the other $2M?
    20 years @ $5M/year. This is $3M against the first year's payment. Another $2M and they'll be down to 19 years...
  • If you are meaning the $100 million loan from the State, it is a loan and from what I have heard IMS is adding $1 per ticket and funneling some concessions receipts to pay off the loan.
  • Tater Tots
    Who makes Tater Tots? They would be a good sponsor, because $3 Million for the alleged "Greatest Spectacle In Racing" is taters. Tiny, tiny taters. But at least they are making up something of the losses accumulated over the years in this dying sport. Buttock in seat is certainly not doing it, nor eyeball on TV, as evidenced by the lack of both.
  • Yep, the haters are trying to make good news bad. I guess it is hard to get people to believe the series is dying when they are gaining new sponsors.
  • Newman/Haas Used to get
    millions for putting a company's bumper sticker on one of its Lolas. But you gotta take what you can get.
  • One race deals....
    Congrats to the speedway. 99.9% percent of the sponsors are gone the day after the race is over. Short term, speedway-centric thinking got us in this mess.

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  1. The deductible is entirely paid by the POWER account. No one ever has to contribute more than $25/month into the POWER account and it is often less. The only cost not paid out of the POWER account is the ER copay ($8-25) for non-emergent use of the ER. And under HIP 2.0, if a member calls the toll-free, 24 hour nurse line, and the nurse tells them to go to the ER, the copay is waived. It's also waived if the member is admitted to the hospital. Honestly, although it is certainly not "free" - I think Indiana has created a decent plan for the currently uninsured. Also consider that if a member obtains preventive care, she can lower her monthly contribution for the next year. Non-profits may pay up to 75% of the contribution on behalf of the member, and the member's employer may pay up to 50% of the contribution.

  2. I wonder if the governor could multi-task and talk to CMS about helping Indiana get our state based exchange going so Hoosiers don't lose subsidy if the court decision holds. One option I've seen is for states to contract with healthcare.gov. Or maybe Indiana isn't really interested in healthcare insurance coverage for Hoosiers.

  3. So, how much did either of YOU contribute? HGH Thank you Mr. Ozdemir for your investments in this city and your contribution to the arts.

  4. So heres brilliant planning for you...build a $30 M sports complex with tax dollars, yet send all the hotel tax revenue to Carmel and Fishers. Westfield will unlikely never see a payback but the hotel "centers" of Carmel and Fishers will get rich. Lousy strategy Andy Cook!

  5. AlanB, this is how it works...A corporate welfare queen makes a tiny contribution to the arts and gets tons of positive media from outlets like the IBJ. In turn, they are more easily to get their 10s of millions of dollars of corporate welfare (ironically from the same people who are against welfare for humans).

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