Menu
Download the app

SBJ subscribers – Enhance your experience with the revamped iOS app

Colleges

IRS Audits Of Bowl Games Becoming More Frequent In Wake Of '11 Fiesta Bowl Scandal

Gator Bowl Sports President & CEO Rick Catlett yesterday said he is "not the least bit concerned" about a pending IRS audit of his event, according to Garry Smits of the FLORIDA TIMES-UNION. Catlett said that the IRS has "been conducting random reviews of bowl games that are classified as non-profit since the scandal" involving the '11 Fiesta Bowl. In addition to the TaxSlayer.com Bowl, other games audited were the Fight Hunger Bowl and Valero Alamo Bowl (FLORIDA TIMES-UNION, 3/13). Fight Hunger Bowl Exec Dir Gary Cavalli said that the S.F. Bowl Game Association received a "clean bill of health" in January after the IRS inspected financial spikes during the '10-11 FY. He added that after "no red flags, the SFBGA can continue as a non-profit organization." CBSSPORTS.com's Jeremy Fowler cites a source as saying that the bowl's internal auditor is "speaking at the Football Bowl Association convention in April about how to respond to an IRS audit." Cavalli said that with bowls "constantly fighting the perception game," he hopes that "every bowl that gets audited has a favorable outcome." Cavalli: "The Fiesta Bowl experience really changed a lot of things in the bowl industry. ... Thirty-four of 35 bowls were doing things right" (CBSSPORTS.com, 3/12).

SPEAK OF THE DEVIL: The AP's Jacques Billeaud reports former Fiesta Bowl CEO John Junker today faces sentencing in federal court after he "acknowledged participating in an illegal campaign contribution scheme." He pleaded guilty to the conspiracy charges, and prosecutors "want a one-year prison sentence, while Junker has asked for probation" from U.S. District Court Judge David Campbell. Junker also faces a March 20 sentencing in Arizona state court. The scandal "jeopardized the bowl's NCAA license and its status as one of four bowls in the national college football championship rotation" (AP, 3/13). NEWSWEEK's John Walters writes Junker symbolically "became the face of hubris and corruption that sports media and the public had long suspected was rampant in the stacked-deck ecosystem" of the BCS (NEWSWEEK.com, 3/12).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2014/03/13/Colleges/Bowl-Games.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Daily/Issues/2014/03/13/Colleges/Bowl-Games.aspx

CLOSE