Judge tentatively rules against Pacers owner
A Los Angeles judge on Friday tentatively ruled against Indiana Pacers owner Herb Simon and his wife in the beginning phase of a wrongful dismissal trial involving the nanny that they fired.
A Los Angeles judge on Friday tentatively ruled against Indiana Pacers owner Herb Simon and his wife in the beginning phase of a wrongful dismissal trial involving the nanny that they fired.
The wife of Indiana Pacers owner Herb Simon testified Tuesday that she knew nothing about violence in the past of a nanny who worked for her and said she would not have hired her if she had known.
A nanny who worked for Indiana Pacers owner Herb Simon and his wife testified in a wrongful-firing case Monday that the couple knew of her tumultuous life, but decided to keep her on their staff.
Billionaire Herb Simon is betting online gambling will become legal—and that a new company he’s backing will reap a payoff as a result.
Along with players’ salaries and contract terms, revenue sharing among the NBA’s 30 team owners is becoming the wild-card issue that could blow the lid off contract negotiations.
In a feat not possible for their teams, Indiana Pacers owner Herb Simon and Indianapolis Colts owner Jim Irsay tied for 879th place on Forbes magazine’s annual list of the richest people in the world. Bill Cook and Dean White also made the list.
Indianapolis Colts owner Jim Irsay is moving up the ranks of the richest Americans a year after making his way onto the Forbes 400 list of the nation’s wealthiest people.
The three-year agreement is designed to help the franchise shoulder the costs of operating Conseco Fieldhouse. One dissenting
voice called the team and city back to the negotiating table for a longer-term deal.
The $33.5 million the Capital Improvement Board is providing the Indiana Pacers is merely a Band-Aid that will do little to
solve serious short-term and long-term issues facing the team.
Perhaps it’s time for Pacers owner Herb Simon—a billionaire
like his late brother—to burnish his credentials as a philanthropist who makes the city a better place to live and work.
Moving the Indiana Pacers from Conseco Fieldhouse to another city would impose serious financial hardship on the franchise,
according to one interpretation of the team’s 10-year-old deal with the city.
In a move not necessarily stranger than fiction, Herb Simon has bought Kirkus Reviews, the venerable journal of prepublication
book reviews. The owner of the Indiana Pacers co-owns an independent bookstore in California and is described as a voracious
reader.
Indianapolis Colts owner Jim Irsay has joined the ranks of the richest Americans, earning a spot on this year’s Forbes
400 list of the nation’s wealthiest people.
The passing of Mel Simon adds more uncertainty to the Indiana Pacers’ future in Indianapolis.
In the wake of Mel Simon’s death, Indiana Pacers’ future is in the firm grip of younger brother Herb, who now has sole ownership
of the team.
Most of us were taught to give thanks to those who do well and make our lives better. Some of us would like to give our hearty
thanks to Mel and Herb Simon and their families for all they’ve done in our community and statewide.
The Simon family’s role in building the city has come at a steep price for taxpayers. Simon and
its business interests in the last 20 years have collected local government incentives
worth more than $400 million, an IBJ tally of those deals shows.
The most important piece of leverage Mayor Ballard has in negotiating with the Pacers is being willing to let them go.
Herb Simon is taking a new hands-on approach
with the Indiana Pacers, which he co-owns with his brother, Melvin. In response to a string of losing seasons and off-court
mishaps involving players, Simon is transforming himself from a behind-the-scenes owner into a visible figure intent on reconnecting
the franchise with the community that once adored it.
Recently announced changes to the Indiana Pacers’ front office leave questions about the team’s long-term ownership unanswered.
While Larry Bird, Pacers director of basketball operations, is set to take over for CEO Donnie Walsh at season’s end, there
is no indication what succession strategy, if any, exists for replacing team owners Mel Simon, 81, and Herb Simon, 73.