Thursday, January 26, 2023

The Pac-12 Conference fired two senior executives who failed to disclose the discovery that Comcast had been overpaying $5 million a year since 2016

Awful Announcing, summarizing an article from the Mercury News:

Comcast was the partner who had overpaid the Pac-12 by over $50 million since 2016. After Comcast surfaced concerns of overpayments to the conference in October 2022 , the conference launched their own investigation which resulted in the firings of CFO ... and Pac-12 Networks president ... for failing to disclose the results of the conference’s [2017] audit of the matter to the Pac-12 Board of Directors.

More speculation.

*Previously: "In order to reap millions of dollars in fees, universities are partnering with betting companies to introduce their students and sports fans to online gambling"