-Tony George has taken over as Hulman & Company Chairman of the board

Friday, July 8, 2016

INDYCAR To Cover 925k In Boston Refunds

INDYCAR announced Thursday that they as the sanctioning body for the Verizon IndyCar Series will cover $925,000 in reimbursing fans who had purchased tickets.

The entire press release:

NDIANAPOLIS (Thursday, July 7, 2016) - Stepping into the breach left by promoter Boston Grand Prix - when it failed to fully refund ticket purchasers after the cancellation of its planned race - INDYCAR announced today it would contribute $925,000 to help make fans whole. 
"I appreciate INDYCAR's willingness to step up for their fans and help resolve this problem," Massachusetts Attorney General Maura Healey said in a news release earlier today. "They've gone above and beyond to be a productive part of this solution, and their fans will reap the benefits." 
In May of last year, INDYCAR entered into an agreement with race organizer Boston Grand Prix for races to be run in Boston annually from 2016 through 2020. But on April 29, BGP unilaterally canceled the race scheduled for Labor Day weekend and its plans to stage races in Boston in the future. According to news reports, the amount BGP has refunded to ticket holders to date is insufficient to make full refunds. 
Attorney General Healey announced earlier today that her office has filed suit against Boston Grand Prix and its CEO John Casey to pursue the remainder of refunds owed to ticket purchasers. 
"We enjoy some of the most loyal and devoted fans in all of sports, and so we are pleased to work with the Attorney General and contribute in her efforts to protect ticket buyers," said Mark Miles, CEO of Hulman & Co., the parent of INDYCAR and the Indianapolis Motor Speedway. "We want our fans to know that we share their disappointment that the race won't take place. And we also want to join them in expressing our appreciation for Attorney General Healey's work on their behalf." 
Ticket purchasers that are owed a refund should contact the Attorney General's Consumer Protection Hotline at (617) 727-8400. Customer service representatives will be on standby to assist with the process for securing refunds.  

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