Industry News

IndyCar to pay almost $1m after event crashes

IndyCar, the sanctioning body for the North American motorsports series, is to provide almost $1m to ticket-holders left out of pocket when an event scheduled to take place in Boston was cancelled.

An agreement has been reached between Massachusetts Attorney General Maura Healey and IndyCar, with $925,000 to be returned to some of the 4,000 people who bought tickets for the race that was cancelled in April.

Healey also filed a suit against Boston Grand Prix LLC, the local company that proposed the race, and the company’s manager, John Casey, seeking additional money to refund the remainder of approximately $1.7m owed to ticket-holders.

Healey’s lawsuit contends that organisers did not hold ticket proceeds in trust to ensure refunds would be available in case of a cancellation, and instead drew from the proceeds to pay mounting event costs.

“Boston Grand Prix and [Casey] knew full well when they marketed and sold this event that they didn’t have the resources or permits to make it happen,” Healey said in a statement. “They failed to protect consumers, and we will do all we can to hold them accountable.”

According to the Boston Globe newspaper, some customers have already received refunds, while others successfully initiated chargebacks with their credit card providers to remove the ticket costs from their accounts.

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