IndyCar’s Boston Grand Prix (BGP), the cancelled Labor Day Weekend event, has filed for bankruptcy, claiming it has liability of nearly $9m against assets of $60,000. Boston Grand Prix (BGP) had announced sponsorship, fully sold hospitality units and more than 20,000 fan tickets in receipts for the event. But owing nearly a fifth of its liabilities to ticket purchasers ($1.5 million), BGP cancelled the race on April 29th, claiming the city of Boston continued to change the playing field of what was expected from them, making what race organizers claim were “unreasonable demands.” The city, on the other hand said the group was totally disorganized and unable to comprehend what was...
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