Boston Grand Prix LLC, the company behind the Massachusetts city’s stillborn IndyCar race, has filed for bankruptcy in the US.
The company owes almost $9m to creditors, court documents show. Among the organisations listed are IndyCar (owed $4.2m), Firestone ($233,500), Howard/ Stein-Hudson Associates LLC ($435,186), and Delta Airlines ($45,000).
Ticket holders are owed $1,677,894, and IndyCar has now stepped into the breach left by Boston Grand Prix’s failure to fully refund ticket purchasers after the cancellation of its planned race, The series has committed to contributing $925,000 to help reimburse fans.
Massachusetts Attorney General Maura Healey said: ‘I appreciate IndyCar’s willingness to step up for their fans and help resolve this problem. They’ve gone above and beyond to be a productive part of this solution, and their fans will reap…
