By Jon Zimney – February 27, 2021 1 334 Twitter IndianaLocalNewsSports Google+ Lucas Oil Stadium prepares for NCAA basketball tournament Google+ WhatsApp Previous articleReady to pay? Student loan deferments end in OctoberNext articleSouth Bend man arrested on numerous charges after leading troopers on chase Jon ZimneyJon Zimney is the News and Programming Director for News/Talk 95.3 Michiana’s News Channel and host of the Fries With That podcast. Follow him on Twitter @jzimney. (Jon Zimney/95.3 MNC) The football field is covered up inside Lucas Oil Stadium as the venue gets everything in order for the NCAA men’s basketball tournament, which is set to be contested throughout central Indiana next month.Lucas Oil Stadium director Eric Neuburger said the stadium is essentially being split in two for first and second-round games.“We’re going to operate like two distinct venues,” he told WISH-TV. “You will see a current that separates the two courts at the 50-yard line, as well as other ways that we separate the concourses.”Neuburger said this will make it easier for Lucas Oil staff members to keep everything clean as they make sure to try and prevent the spread of coronavirus.“The team at Lucas Oil Stadium is thrilled to be hosting this,” he added. Our staff has been waiting a long time to be putting on an event of this scale.”“We have the benefit of having a staff that came over from the Hoosier Dome and RCA Dome before this venue was built. There’s a lot of institutional knowledge of hosting Final Fours in those venues as early as 1991.”Lucas Oil will be allowing fans up to 25% capacity inside for tournament games. The stadium seats just north of 70,000 people.Selection Sunday is Mar. 14 and games will get going in the days that follow. First and second-round games will be played at Lucas Oil Stadium, Bankers Life Fieldhouse, Hinkle Fieldhouse, and Indiana Farmers Coliseum in Indianapolis, as well as Mackey Arena in West Lafayette and Assembly Hall in Bloomington. Facebook Pinterest Facebook Twitter WhatsApp Pinterest
LONDON, England (Reuters) – Lost revenues from a record number of rain-hit Cricket World Cup games in England and Wales may result in insurance claims of a few million pounds for each abandoned fixture, insurance sources say.Broadcasters, organisers, venues, advertising sponsors and catering establishments are among firms to have missed out after four matches were called off in an exceptionally rainy June.Due to the hectic nature of the tournament, which features 48 one-day matches between May and July, finishing on July 14, there is no opportunity to reschedule, except for the semi-finals and final.Companies typically buy contingency, or cancellation, insurance for sporting events, which covers everything from rain stopping play to terror attacks.Lloyd’s of London insurer Beazley estimated, for example, that the Football World Cup in Russia in 2018 was insured for more than $10 billion (£8 billion), including cover for property damage and cyber breaches, as well as cancellation.Insurers say cover for the less-popular cricket equivalent will be much lower.Star India has the global media rights for the cricket tournament but has licensed further rights to sports broadcasters in other countries.However, it is likely to have lost at least £1 million for each abandoned match, insurance specialists estimate, as it gains huge advertising revenue in India for a popular sport in a nation of more than one billion people.Star India did not respond to requests for comment.There are 123 advertising spots for broadcasters in a World Cup match, after each of the 100 overs and 20 wickets and during refreshment breaks, said Jonathan Ticehurst, a director at Lloyd’s of London insurance broker Bishopsgate, who has arranged insurance for previous Cricket World Cups.Broadcasters buy contingency insurance, as “in the event of no play, they are not able to charge” the advertisers, he said.TICKET SALES The fixtures, several of which were sold out, also attracted ticket sales of at least a few hundred thousand pounds each, with larger games likely attracting sales of more than a million pounds, based on Reuters estimates.Spectators get all their money back if no ball is bowled, or if the game is abandoned after a short period of play.The England and Wales Cricket Board (ECB), which gets the revenue from the ticket sales, said it had an insurance policy against matches being called off, but declined to comment further.Star India likely took out contingency insurance from Indian insurers, but reinsurance may have been provided by the specialist Lloyd’s of London market, insurers said.Reinsurers share the burden of large losses with insurers, in return for part of the premium.The ECB will likely also have bought insurance from the Lloyd’s market, along with county teams whose grounds were booked for the rained-off matches, industry sources said.The local teams will buy insurance against lost sales from the venues’ bars and restaurants, sources said.But insurers may also have required clients to bear the losses themselves for one, two or even three abandoned games, specialists said. At four matches, they are likely to be able to claim insurance, if not before.“Insurers probably looked at the calendar and reckoned you would not go through the whole World Cup without two or three games being rained off,” said one underwriter.“They will probably charge a two-game or three-game excess.”The four abandoned matches were all at smaller venues. An abandoned match at a bigger ground in London, Birmingham or Manchester over the remaining 3-1/2 weeks of the tournament would have an even greater financial impact, insurers say.
Submitted by Hoddle & AssociatesRun with a Soldier honors service men and women and was conceived and planned by Olympia native Brian Hoddle.November 8 and 9, 2014 has been declared National Run with A Soldier Day in America, by USA Track and Field, the national governing body for track and field, running and race walking in America. Locally, The Evergreen State College has decided to host a 5K on November 9, 2014 on their Olympia, campus where the public can run/walk right along with soldiers who are active or retired. This is a great event to show our support for our military men and women locally and is just 1 months away. Click here for more information. Bryan Hoddle of Olympia, a Tenino Middle School Teacher, having taught 33 years in the State of Washington, is spearheading the effort as the National Chairman to bring this event, to not only the Olympia area, but also nationwide. Bryan was the 2004 Head Coach for the USA Paralympic Track and Field Team, a 2013 Runners World Hero of the Year and he was also honored by the Washington State House of Representatives on February 11, 2014 for his work with disabled athletes and soldiers returning from combat in the Middle East. He currently serves as Vice Chair for the Invictus Foundation, a foundation to help heal the invisible wounds of war. He has traveled back east 15 times helping our wounded men and women.Our soldiers need our help. Estimates say there are over 350,000 soldiers coming back from Iraq and Afghanistan alone with some form of Traumatic Brain Injury (TBI), not to mention the soldiers returning as amputees, blind, or paralyzed as well as soldiers dealing with PTSD. We need to be proactive in whatever way we can to help our heroes. Run with a Soldier Day is one huge way to help our soldiers and anyone can join in.For more information contact Cherie Mortensen at [email protected] or 812.360.6533. Or visit Bryan’s web page here. Facebook0Tweet0Pin0