An event organizer is suing Indianapolis Motor Speedway in federal court for breach of contract after an Indianapolis 500 party that was supposed to raise $1 million in revenue fell far short.
According to reports by Indianapolis TV station WRTV and the Indianapolis Business Journal, California-based Karma International staged a pre-race party for Maxim magazine a few days before the milestone 100th running of the Indianapolis 500.
According to the WRTV report, Karma International expected the party to raise $1 million in revenue, but apparently only raised just $182,500. The company expected 1,500 people – at $500 per ticket – to attend. Other revenue was to be raised by selling tables.
Instead, just 418 people attended the event, according to the report, with some tickets reportedly being discounted.
As a result, the company is suing IMS to collect the remaining $817,500, according to the court filing, for reportedly “fail(ing) to perform the advertising for the Indy 500 Maxim party.”
IMS is preparing a statement to respond to the lawsuit.
Click here to read WRTV’s full report.
ANAHEIM, California – Ken Roczen will make the move from HRC Honda to H.E.P. Motorsports with the Progressive Ecstar Suzuki team, ending a long and eventful offseason that saw his split from his longstanding team after he committed to running World Supercross (WSX).
“H.E.P. Motorsports is thrilled to announce that the team has signed Ken Roczen as its premier rider for the 2023 season,” the team announced on Instagram. “Former AMA Motocross champion Roczen will be aboard a Suzuki RM-Z450. Roczen, who won his most recent championship on a Suzuki, will be reunited with the brand and bring his exciting style, determination, and grit back to the RM Army.
“Ken Roczen will compete in the upcoming 2023 Supercross and Motocross Championship series which is set to start on January 7 at Anaheim Stadium in Southern California.”
For Roczen, it is a return to the bike of his youth and on which he had some of his greatest professional success.
“This thing has been going on for weeks and weeks and weeks in the making, but there was so much uncertainty,” Roczen told NBC Sports during Monster Energy Supercross Media Sessions. “It was a very unique situation. I just finally signed two nights ago, so it’s really only legit once the ink hits the paper. It’s been in the works for a long time, but there were just a lot of questions and a lot of input from a lot of other teams too.
“Good things take time, and I’m okay with that. I grew up riding Suzuki. Ot’s like a homecoming. It’s a special feeling”
Roczen won the 2016 Lucas Oil Pro Motocross Championship on a Suzuki before making the move to Honda. That year he won nine of 12 Nationals and finished no worse than second as he easily outpaced Eli Tomac by 86 points. He finished third in his next Pro Motocross outing in 2018 after sitting out the outdoor season in 2017.
“I am beyond excited to reconnect with Suzuki for the 3rd time in my career. We’ve had a lot of success in the past and I’m looking forward to seeing what we can accomplish together in our future.” Roczen said in the Instagram post.