Orange, Sugar, Fiesta target of investigation?
According to a story posted here at Sports Illustrated, lawmakers appear to be deciding whether or not to start an investigation into the tax exempt status of these three bowls. This could really damage the BCS system:
Playoff PAC, a political action committee that wants the bowls replaced with a championship playoff system, recently filed the IRS complaint against the operators of the Fiesta, Sugar and Orange Bowls. They are three of the five games that constitute the Bowl Championship Series (the other two are the Rose Bowl and the BCS title game). The complaint accuses the three bowls of violating their tax-exempt status by paying excessive salaries and perks, providing "sweetheart loans" and doing undisclosed lobbying.
"As public charities that take in millions of dollars each year, they receive significant tax exemptions and benefits that must not be abused," wrote the four House members in a letter to IRS Commissioner Doug Shulman, obtained Tuesday by The Associated Press. The lawmakers, all critics of the BCS, added: "We therefore ask that you act on our request and thoroughly examine these troubling claims" made about the bowls.