Speedway’s Speed Zone redevelopment project in high gear
Some goals have been realized, while others are moving through the pipeline.
IndyCar Series
Articles
Marketing firm’s founder mulls top IndyCar job, company sale
Spire Capital Partners has put its 50-percent stake in Zionsville-based Just Marketing International on the market, as the company's founder, Zak Brown, reportedly mulls accepting an offer to be CEO of the IndyCar racing series.
Miles hits throttle on overhaul for IndyCar, IMS
Hulman & Co. CEO Mark Miles is revving up an ambitious plan to overhaul the IndyCar Series and Indianapolis Motor Speedway management team. He wants to develop a revenue-sharing plan that assures the series and the tracks that host its races are motivated to roll in the same direction.
Indy Motor Speedway to charge for infield parking spots
Passes for parking inside the third turn for the Indianapolis 500 and Brickyard 400 NASCAR race went on sale Monday. Front-row parking spaces cost $75 while additional general parking spaces will sell for $25.
Tony George returns to Hulman & Co. board
George had resigned in October after submitting a proposal to purchase IndyCar. He cited a conflict of interest as his reason for stepping down. He was allowed to return because he's no longer trying to regain control of the series.
Tax break would barely put dent in Speedway’s to-do list
The Indianapolis Motor Speedway will need far more money than it will get from a proposed state tax subsidy if it hopes to be in the top tier of U.S. racing venues, sports business experts said.
2012 NEWSMAKER: Miles adds to diverse business, sports career
Veteran executive Mark Miles now has one of the most difficult jobs in sports—putting open-wheel racing on sound financial footing.
Lucas eager to expand IndyCar’s media reach
Forrest Lucas, owner of Lucas Oil Products Inc., intends to launch an Internet TV network in June 2013 that would offer a heavy dose of racing programming.
IndyCar releases Lotus from engine-supply contract
IndyCar has released Lotus from its contract, leaving Chevrolet and Honda as the only two engine suppliers for the upcoming season.
New Hulman & Co. CEO eyes changes to resurrect open-wheel racing
New Hulman and Co. CEO Mark Miles will focus in his new role on all of Hulman & Co.’s ventures—including real estate holdings and Clabber Girl. But his biggest challenge will be turning around the money-losing IndyCar Series and bolstering one of the region’s most famous landmarks—the Indianapolis Motor Speedway.
Miles faces tough challenge in reversing IndyCar’s fortunes
The new CEO of Hulman & Co. gets an early vote of confidence from sponsors of open-wheel racing.
Speedway, IndyCar owner names Miles as new CEO
Hulman & Co., which owns Indianapolis Motor Speedway and the IndyCar series, has chosen board member and local economic development leader Mark Miles as its new CEO, the firm announced Tuesday morning.
IndyCar confronts ‘defining moment’
The IndyCar Series is approaching a three-pronged fork in the road, and the path its leaders choose will have long-lasting implications for the Indianapolis Motor Speedway and Indianapolis 500.
EDITORIAL: IndyCar board overreacted
The board’s dismissal of CEO Randy Bernard seemed to cut a change agent off at the knees, and that could come back to haunt them.
Belskus to serve as interim IndyCar CEO after Bernard’s exit
Jeff Belskus, the president of Indianapolis Motor Speedway, and the president and CEO of Hulman & Co., will step in as interim CEO of the IndyCar Series, replacing Randy Bernard.
Bernard ousted as CEO of IndyCar, sources say
IndyCar Series owners have fired CEO Randy Bernard, sources familiar with the situation told IBJ on Friday afternoon. IndyCar officials are denying the firing.
George cites conflict of interest in resigning from Hulman board
IndyCar founder Tony George resigned Friday from the Hulman & Co. board of directors, citing a conflict of interest in his recent attempt to reacquire the series.
George reportedly submits offer to buy IndyCar
Tony George has offered a seven-figure cash proposal to take over operations and assume future losses for the IndyCar Series.
IndyCar execs say distractions mask progress
IndyCar Series officials insist the open-wheel circuit is on the right track despite a drop in its television ratings, tepid attendance and persistent rumors that it will be sold and its CEO will be fired.
IndyCar denies getting offer from George to buy series
The Sports Business Journal is reporting that former Indianapolis Motor Speedway CEO Tony George has assembled an investor group that includes race team owners Chip Ganassi, Roger Penske, Michael Andretti and Kevin Kalkhoven to buy the IndyCar Series.