Tostitos Fiesta Bowl In Trouble With IRS
Anytime you have the IRS on your ass it is not a good thing. And the IRS is on the Fiesta Bowls ass like a g-string on Kim Kardashian…all up in there. At the heart of the matter is whether or not the Fiesta Bowl has been abusing it’s tax exempt status as a charity by telling employees to make political campaign contributions to pro-BCS politicians and then reimbursing them for it, which a major tax exempt no-no not to mention a felony.
The funny thing about this is that these allegations where made by the Arizona Republic way back in December of 2009, but the Fiesta Bowl has just started to make moves in the past 24 hours…hiring a lawyer, launching an internal special committee investigation and placing their CEO on leave…now that know an IRS investigation is imminent.
From the Arizona Republic’s Original Story:
“More than $38,000 in campaign contributions have been made since 2000 by 14 Fiesta Bowl employees. Those contributions come on top of the $4 million the Fiesta Bowl spent during the same period on lobbyists, trips, dinners and golf retreats to build relationships with athletic officials who control the Bowl Championship Series and to garner support from politicians.”
Now I think it is important to point out the the complaint that started this all was sent to the IRS by PlayoffPAC, a college football political activist group that is hell bent on killing the BCS. So they do have an agenda, but they also are right…the BCS is corrupt as fck and something needs to be done about their spending.
PlayoffPAC also filed a complaint with the IRS against the Orange Bowl in January over a four-day cruise to the Bahamas that they sent dozens of college athletic directors, conference commissioners, and their spouses on.