Thursday, April 12, 2007

courant.com | Dropping The Ball?

courant.com | Dropping The Ball?: "Dropping The Ball?
Tax-Exempt NCAA Under Fire As Colleges Perform End Run Around Academic Rules
April 12, 2007
ALLEN L. SACK

Now that the madness of the NCAA's Championship Basketball Tournament has subsided, Americans have moved on to more mundane concerns like meeting the April 17 deadline for filing federal income tax returns. Ironically, the organization that staged the Final Four and walked away with about $500 million from the sale of television rights to CBS pays no taxes whatsoever."

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