Longhorn Foundation: IRS and NCAA Violations???

[BUBear]

UT audit finds Longhorns staff used prime seats to play favorites, help ticket brokers | Hookem.com

A river of cash payments flowed through the Longhorn Foundation itself, not the school's ticket or business office.

Four ticket printers were found in the foundations office, and employees with system access could print off untold numbers of tickets, mark the seats as complimentary and remove them from the seating inventory.

The majority of complimentary tickets sold on StubHub had been issued to letter winners

 

[DeepSpringsVol]

Hmmm wonder what will this mean. A $2500fine?

 

[golfballs]

Hmmm wonder what will this mean. A $2500fine?

I think they found this going on at Kansas basketball not too long ago. What was the punishment for them?

 

[DeepSpringsVol]

I think they found this going on at Kansas basketball not too long ago. What was the punishment for them?

Ive never heard of anything like this. Kansas basketball is thriving so I assume little to nothing.

 

[joevol33]

Interesting

 

[DD4ME]

Appears that it was quite lucrative to work in that department.

 

[StoVol]

Appears that it was quite lucrative to work in that department.

for real

 

[508mikey]

Speaking of NCAA violations I was wondering about this Gatorade commercial with the UF player talking in it (towards the end) https://www.youtube.com/watch?v=hr6UfBv4lDM