INDYCAR: Boston Grand Prix files for bankruptcy

Boston Grand Prix, LLC has filed for Chapter 7 bankruptcy, claiming it owes almost $9 million to creditors, including a list of more than 4,000 names of ticketholders who have not been given refunds, court documents show.

Among the companies that are listed as creditors are IndyCar (owed $4.2 million), Firestone ($233,500), George R Roberts Co. (listed as a company that designs and manufactures precast concrete products for infrastructure demands such as retaining walls and highway construction, $645,579) Howard/Stein-Hudson Associates LLC (consulting fee, $435,186), Delta Airlines ($45,000) and the Massachusetts Port Authority (listed as unknown due to a contract dispute). Ticketholders are owed $1,677,894.78. In total, the filing estimates the number of creditors between 1,000 and 5,000.

The filing also shows Grand Prix of Boston CEO John Casey's firm, Casey Summit LLC, was paid $423,000, while former CEO Mark Perrone was paid almost $131,000 in consulting fees; he is also listed as a creditor owed $50,000 for "membership interest redemption."

The filing lists two counterclaims: a malpractice claim against Howard Stein-Hudson Associates LLC and a claim for tortious interference against IndyCar.

Massachusetts Attorney General Maura Healey's office released a statement to Boston media saying the bankruptcy filing will not end the office's investigation and efforts to secure refunds.

"Boston Grand Prix's bankruptcy filing today does nothing to prevent us from our continued efforts to find out where the money ticket holders spent has gone and to aggressively pursue a refund for those consumers. We will continue to seek information from all parties involved and take whatever action is necessary to get the money back for those who purchased tickets.