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BOSTON -- The organization that unsuccessfully tried to bring an IndyCar race to Boston has filed for bankruptcy, saying it has

Posted in IYH Forums by jokergreen0220 at 06:25, Feb 29 2020

BOSTON -- The organization that unsuccessfully tried to bring an IndyCar race to Boston has filed for bankruptcy, saying it has almost $9 million in liabilities and about $60,000 in assets.Boston Grand Prix said in its bankruptcy filing Tuesday that its liabilities include $1,677,894.77 owed to people who bought tickets for the race, which was supposed to be held over Labor Day weekend.The tickets went on sale in March, but the race was canceled in April with organizers saying the city was making unreasonable demands. City officials, in turn, said the race course group was disorganized.Creditors include several former sponsors of the race and the Indianapolis-based national IndyCar organization, which says it is owed $4.2 million.The race organizers also list a prepayment to IndyCar of $487,500. In addition, it had prepaid the Massachusetts Convention Center Authority $98,740 for what it says was 10 percent of the fee of its license agreement with the state.The filing wont stop the pressure from Massachusetts attorney general Maura Healey, whose office has put race organizers and IndyCar on official notice that a lawsuit could be filed despite the bankruptcy.Boston Grand Prixs bankruptcy filing today does nothing to prevent us from our continued efforts to find out where the money ticket holders spent has gone and to aggressively pursue a refund for those consumers, said Cyndi Roy Gonzalez, a spokesperson for Healey. We will continue to seek information from all parties involved and take whatever action is necessary to get the money back for those who purchased tickets.Race organizers said they regretted filing for bankruptcy but it was their only option.Due to events and circumstances beyond BGPs control, the race event was cancelled by the City and IndyCar without regard to the impact on ticket holders and other affected parties, Boston Grand Prix said in a statement. Since that cancellation, BGP has worked to return money to ticket holders including an immediate payment of $400,000. However, it has become clear that a full refund will not be possible without the cooperation of third parties, including IndyCar and others who have been unwilling to participate.BGP hopes that the present filing may provide a forum for an orderly disposition and administration of claims to provide as full a return as possible to the ticketholders and all other impacted parties.Among notable creditors listed in the filing for sponsorship fees: computer connectivity company LogMeIn ($390,000), tire company Bridgestone ($223,550), fuel and oil company Global Partners ($275,000), MillerCoors ($105,000), wine and spirits company Pernaud Ricard ($100,000), car dealer Herb Chambers ($100,000) and New Balance ($50,000). They also owe George R. Roberts Company $645,579 for concrete barriers and Firestone $223,500.ESPN Staff Writer Bob Pockrass and The Associated Press contributed to this report. Gino Cappelletti Jersey . Peter Gammons, an analyst for Major League Baseballs network and website, drew the ire of hockey fans on Sunday when he criticized the two NHL teams on Twitter for their physical game the night before. Mike Wilson Jersey .ca. Hey Kerry, big fan of yours, just finished reading your book. I think that we all saw the Canucks/Flames line brawl just after puck drop. It was obvious that something was about to happen, even to the referees because the fourth lines were on to start. http://www.custompatriotsjersey.com/custom-michael-crabtree-jersey-large-1301f.html . Wilson hit Schenn from behind during Tuesday nights game in Philadelphia, earning a five-minute major for charging and a game misconduct. He has a phone hearing with the department of player safety, which limits any potential suspension to five or fewer games. Lamar McHan Jersey . "It doesnt get any better than that," Giambi said. "Im speechless." The Indians are roaring toward October. Giambi belted a two-run, pinch-hit homer with two outs in the ninth inning to give Cleveland a shocking 5-4 win over the Chicago White Sox on Tuesday night, keeping the Indians up with the lead pack in the AL wild-card race. John Henry Johnson Jersey .5 million, one-year contract on Friday. Hawkins, who turns 41 in December, will compete with Rex Brothers for the closers role at spring training. KNOXVILLE, Tenn. -- Tennessee was dominant enough for one six-minute stretch to make up for any youthful mistakes it made the rest of the night.Robert Hubbs III scored 16 points to lead six Tennessee players in double figures Tuesday as the Volunteers capitalized on a 21-0 first-half spurt in a 103-94 victory over Appalachian State.Tennessee, which has seven true freshmen and one redshirt freshman on its roster, bounced back from a season-opening 82-69 home loss to Chattanooga and avoided its first 0-2 start since 1965-66.I cant imagine theres a younger team, Tennessee coach Rick Barnes said. I do think we did some things better from the first game, but we still, at times tonight, acted like the really young basketball team we are.The Vols (1-1) trailed 11-9 early before reeling off 21 straight points by feasting on Appalachian State turnovers. Jordan Bone and Grant Williams each scored five points during that 21-0 run, which culminated with a 3-pointer from Jordan Bowden.Tennessee led by as many as 26 points during a first half in which the Vols forced 15 turnovers.I think we missed some easy ones and I think they ramped up their pressure, Appalachian State coach Jim Fox said. It slowed us down. Our guys were making uncharacteristic mistakes. If we passed the ball up, we caught the ball right by halfcourt so they trapped us. We were really tentative with things that we did. Credit them. They did a great job. Theyre tremendously athletic.The Vols werent quite as effective the rest of the way. Appalachian State (0-2) got the margin all the way down to seven with 58 seconds left but couldnt get any closer.Tennessee won with a balanced scoring attack.Lamonte Turner scored 15 points, Bowden had 14. Kyle Alexander and Williams each had 13 and Shembari Phillips added 11 for Tennessee.I feel like everybody on our team can score the ball, Bowden said. Everybody gives the ball and is not really selfish on offense.Ronshad Shabazz and Patrick Good each scored 21 for Appalachian State. Griffin Kinney had 13 points and Kelvin Robinson added 12.ddddddddddddTHE TAKEAWAYAppalachian State: The Mountaineers inability to take care of the ball in the first half proved costly. Appalachian State had 15 turnovers in the first half. Tennessee outscored Appalachian State 22-8 in first-half points off turnovers. The Mountaineers deserve some credit for chipping away at the deficit rather hanging their heads once they trailed by 26.Tennessee: The Vols corrected many of the mistakes theyd made in their loss to Chattanooga. Tennessee shot 1 of 16 from 3-point range and had 18 turnovers and four assists against Chattanooga. The Vols were 8-of-19 on 3-pointers and had 26 assists and 12 turnovers Tuesday. Bone, who had just one assist in the Chattanooga game, had eight assists and two turnovers against Appalachian State.LINEUP CHANGEBarnes responded to Tennessees season-opening loss by having Bowden and Phillips replace Admiral Schofield and Detrick Mostella in the starting lineup.Bowden had played just six minutes in the Chattanooga game, but the freshman guard shot 4 of 8 from 3-point range and scored 14 points Tuesday.We started (Bowden) because he earned it, to be quite frank, Barnes said. The other night, the reason we switched the lineup a little bit is some of those guys that started (against Chattanooga) didnt do the things that we wanted them to do defensively.REDSHIRT DUOBarnes said he is planning on redshirting freshman guard Jalen Johnson and freshman walk-on Jacob Fleschman.INJURY UPDATETennessee guard Kwe Parker missed a second straight game while wearing a walking boot on his left foot.NEXT UPAppalachian State hosts Warren Wilson College on Thursday.Tennessee faces Wisconsin on Monday in the first round of the Maui Invitational in Lahaina, Maui.---More AP College Basketball: http://collegebasketball.ap.org---Follow Steve Megargee at www.twitter.com/stevemegargee ' ' '

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