Simons don’t need our financial help
The most important piece of leverage Mayor Ballard has in negotiating with the Pacers is being willing to let them go.
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.
Billionaire philanthropists Mel and Bren Simon are laying the groundwork to donate Asherwood–their extravagant Carmel estate
and golf course–to the Indiana University Foundation, potentially to house a new think tank. The couple plans to downsize
into a home just outside the town square in the nearby Village of WestClay.
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.