New Orleans Strip Clubs: How College Football Bowls Earn Millions In Profits But Pay Almost Nothing In …
January 9, 2012
… If you’re running these bowls, it’s an opportunity to do good, not to do well,” Dean Zerbe, who investigated charitable exemptions while on the staff of Sen. Chuck Grassley (R-IA), told HBO Real Sports. “You can pay yourself a reasonable salary…and after that it has to go to a charitable purpose.”
Charitable purpose, however, likely doesn’t include lavish trips for executives and guests, another area that has drawn criticism. Executives at the Fiesta Bowl spent more than $100,000 on a corporate golf trip, and former CEO John Junker spent more than $1,200 at a strip club, according to an investigation into the Fiesta Bowl after a scandal enveloped the bowl in 2009. The bowl spent $3.3 million on The Fiesta Frolic, an annual trip for sponsors, executives, and others involved in the game, since the start of the BCS. In the same time frame, the Orange Bowl hosted a similar trip, The Summer Splash, at an average annual cost of more than $111,000.
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