Boston Grand Prix, LLC filed for bankruptcy Tuesday while ticket-holders for the failed IndyCar race wait for refunds.
It is stated in the filing that the company owes nearly $9 million to thousands of ticket-holders, sponsors and others. But its assets are less than $50,000.
In the meantime, Massachusetts Attorney General Maura Healey announced that actions would be taken to make sure ticket-holders get their money back.
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"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," reads a statement issued by Cyndi Roy, the AG's communications director. "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."
The IndyCar race scheduled for the Labor Day weekend in Boston's Seaport District was cancelled in April, because the company could not come to an agreement with the city on a number of issues.