In a deal called “one of the most important” stories in the motorcycle industry this year, a company controlled by Indianapolis-based business-holding firm LDI Ltd. has filed for Chapter 11 bankruptcy after racking up about $440 million in debt.
Representatives of the estate argue that the groups failed to protect and promote the safety and well-being of players, and breached a contract by failing to properly warn them of long-term risks.
The company tweeted a statement offering to “work with the players and league to find a positive way forward.”
Sports Illustrated reported this week that Cincinnati, Sacramento and Nashville have the inside track on the first two MLS expansion franchises to be granted in December. But that doesn’t completely eliminate Indianapolis from the hunt.
Sacramento, Cincinnati and Nashville are finalists to land expansion clubs, according to a report from Sports Illustrated soccer writer Grant Wahl.
The Indianapolis Colts recently signed a three-year deal with New York-based Wine By Design to make a series of commemorative Colts wines, with bottles priced at up to $400 apiece.
The 65,000-square-foot-plus facility for Pro X Athlete Development would feature 44,000 square feet of open turf, full-length batting cages, weight room and golf simulators.
A sports marketer familiar with such deals told IBJ that the credit card company now likely ranks as one of the Big Ten Conference’s three biggest sponsors.
Olympic gymnast Aly Raisman says she is among the young women sexually abused by Dr. Larry Nassar, who spent more than two decades working with athletes at Indianapolis-based USA Gymnastics.
The Indianapolis Colts released two-time NFL Pro Bowl cornerback Vontae Davis on Thursday, less than 24 hours after the injured player took his complaints about a demotion public.
Leadership positions at 130 Football Bowl Subdivision schools continue to be dominated by white men, according to a diversity report released Wednesday.
Increases were at least partly attributed to academic progress among black players in each sport.
The minor-league hockey all-star game in Indianapolis will be played under a new three-on-three format. But a bigger draw could be NHL great Wayne Gretzky’s participation.
Kerry J. Perry takes over for Steve Penny, who resigned in mid-March amid intensifying pressure on the organization for its handling of sex abuse cases.
Based on conversations he’s had with Peyton Manning, former Colts head coach Tony Dungy says the former All-Pro quarterback is bound to become an NFL executive. And Dungy said he’d consider working for him.
The Indy Eleven’s average home attendance this year was tops in the struggling North American Soccer League and better than all but three of the 30 teams in a competing league. Team officials see that as a positive factor in their bid to join Major League Soccer.
CSM Sport & Entertainment General Manager Ashlee Huffman called 2017 “challenging.”
It certainly was eventful.
The Colts are 2-6 this season without quarterback Andrew Luck and have seen their television ratings suffer.
That compares to $30 million the Indianapolis business community contributed in cash and in-kind services to support the 2012 Super Bowl held at Lucas Oil Stadium.
The 2022 College Football Playoff National Championship game is expected to have a $150 million economic impact on Indianapolis.
