News Feed

Tax status of bowl games challenged

Font size

Posted: Sep 22, 2010 2:49 PM by Brian Waldrep
Updated: Sep 22, 2010 3:27 PM
Source: Associated Press

  Rating: 0.0 (0 votes)

Topics: Tax, College, Football, Bowl, Games

Opponents of how college football crowns its champion say three of the nation's premier bowls are violating their tax-exempt status - by paying excessive salaries and perks, providing "sweetheart loans" and doing undisclosed lobbying.

Political action committee Playoff PAC, plans to file a complaint with the Internal Revenue Service on Thursday against the operators of the Fiesta, Sugar and Orange Bowls.

Playoff PAC wants the bowls replaced with a championship playoff system.

Daily News Poll

Loading ...

Most Popular