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Article: Who's in line to own Pacers?
- Article from:
- Indianapolis Business Journal
- Article date:
- March 31, 2008
- Author:
CopyrightCopyright IBJ Corporation Mar 31, 2008. Provided by ProQuest LLC. (Hide copyright information)
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Recently announced changes to the Indiana Pacers' front office leave questions about the team's long-term ownership unanswered.
While Larry Bird, Pacers director of basketball operations, is set to take over for CEO Donnie Walsh at season's end, there is no indication what succession strategy, if any, exists for replacing team owners Mel Simon, 81, and Herb Simon, 73.
Herb Simon reiterated at a March 24 press conference announcing Walsh's departure that he and Mel have every intention of maintaining ownership for the foreseeable future. But the Simon brothers, who bought the team from California millionaire Sam Nassi for $11 million in 1983, have refused over the last year to address ...