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re: Fiesta Bowl Scandal
Posted on 3/29/11 at 1:57 pm to Kige Ramsey
Posted on 3/29/11 at 1:57 pm to Kige Ramsey
quote:
The Fiesta Bowl, the newest of the four B.C.S. bowls, was founded in 1971 and has played host to national championship games. It took in millions in revenues in 2009, most of it earned through ticket sales and corporate sponsorships, according to federal tax records.
quote:
Top executives at the Fiesta Bowl, the host of one of the nation’s pre-eminent college football games, funneled campaign contributions to local politicians, flew other Arizona elected officials around the country at the bowl’s expense, racked up a $1,000 bill at a strip club, and even spent $30,000 on a birthday party for the chief executive, according to an investigative report commissioned by the bowl’s board of directors.
quote:
The most serious revelations involve nearly a dozen employees who told investigators that the chief executive and others working for the bowl encouraged them to make political contributions, then reimbursed them with phony bonus payments. Some said they then were pressured to lie about the practice.
quote:
The investigators do not make conclusions about whether bowl executives or others broke the law, but at least one expert in nonprofit organizations said the findings could lead to criminal charges. At minimum, the investigation is likely to threaten the tax-exempt status of the bowl, which, like most other prominent organizations in college sports, is formally registered as a charity.
2
Posted on 3/29/11 at 2:15 pm to molsusports
I guess JerryWorld and the Cotton Bowl will be hosting a BCS title game within the next 10 years.
Posted on 3/30/11 at 1:10 pm to molsusports
quote:IMO, the allegations of criminal conduct are the most serious part of this. At a time when higher education is strapped for cash, it is difficult to watch the bowls rake in tons of dough and not share the proceeds with the schools more than they do now. An article I read earlier this year reported that most schools lose money on the deal when they participate in a bowl (something to do with guaranteed seats at game and hotels, etc.). That is a travesty given the TV money the bowls get. Of course, now we know where the money is going. When the Feds get involved to investigate these serious allegations of federal crimes, the whole bowl system could fall like a house of cards.
The investigators do not make conclusions about whether bowl executives or others broke the law, but at least one expert in nonprofit organizations said the findings could lead to criminal charges. At minimum, the investigation is likely to threaten the tax-exempt status of the bowl, which, like most other prominent organizations in college sports, is formally registered as a charity.
It could be that only the guys in Phoenix were doing this kind of stuff, but I doubt it.
This post was edited on 3/30/11 at 1:11 pm
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