financials - Sports News, Headlines & Highlights
Securities And Exchange Commission Investigating Marlins' Stadium Deal Because Of Fishy Accounting
We've written before about the deplorable public financing of stadium projects, and so we're excited to see the Miami Marlins' gleaming boondoggle face the SEC's federal scrutiny. Investigators have subpoenaed Marlins financial records and communications between Bud Selig and owner Jeffrey Loria, am...
Penn State Paid $28 Million To Another Company With Close Ties To Sandusky's Charity
Yes, Penn State and The Second Mile overlapped in many ways. Penn State grad students wrote essays for the charity's annual reports. Second Mile kids participated in programs on the university campus. And companies controlled by Second Mile board members scored juicy contracts from Penn State. Earli...
Second Mile Is ... Penn State: School Paid $25 Million To Company Run By Chairman Of Sandusky's Charity
Bob Poole is the chairman of The Second Mile board of directors (or, perhaps, former chairman—nobody really knows who's running things now). He's held that position for 17 years. He was chairman, then, in 1998, when an attorney for both Second Mile and Penn State learned about an investigation into ...
The NCAA's Accidentally Leaked Five Years Of Financial Statements (UPDATE)
UPDATE (12:45 p.m.): According to the NCAA, these financial documents have always been readily available online. The NCAA has even offered up a link to their most recent financials to prove that they're "not hiding any money." We're stil waiting for clarification from the NCAA on other documents fou...
Past And Present Board Members Of Sandusky's Charity And Their Businesses Or Families Gave $641,481.21 To Gov. Tom Corbett
Earlier today, we reported that some two dozen current and former board members at The Second Mile had given money to Pennsylvania Gov. Tom Corbett’s 2010 campaign. The board members donated a combined $201,783.64, to be exact. But direct contributions are hardly the end of it. Big donors can also e...
Judge Who Freed Sandusky On Unsecured Bail Raised Campaign Funds From Board Members Of Sandusky's Charity
Wow. Leslie Dutchtot, the judge who let Jerry Sandusky out of jail on $100,000 bail, took money from several people involved with The Second Mile when she was running for district judge a few years ago....
Corbett Approved $3 Million Grant For Sandusky's Charity, Despite Ongoing Sandusky Investigation
We should probably chalk this up to bad bureaucracy as one administration exited and another entered, but it's still kind of hinky. From the Pittsburgh Post-Gazette:...
Past And Present Board Members Of Sandusky's Charity Gave $201,783.64 To Gov. Corbett's 2010 Campaign
Last week, Pennsylvania Gov. Tom Corbett called for an investigation into The Second Mile, the charity that gave accused child rapist Jerry Sandusky access to thousands of young boys around the state....
Exclusive: We've Obtained Audited Financials For The NFL League Office
These are audited financial statements for the NFL's league office, the nerve center of professional football, covering the years ended March 31, 2009, and March 31, 2010. The documents below deal with only one piece of NFL operations, and there aren't any obviously mind-melting revelations about th...
![Exclusive: How An NBA Team Makes Money Disappear [UPDATE WITH CORRECTION]](https://images.deadspin.com/tr:w-900/1865o9ndt013bjpg.jpg)
Exclusive: How An NBA Team Makes Money Disappear [UPDATE WITH CORRECTION]
We've obtained audited financial data for the New Jersey Nets covering the three fiscal years from June 2003 to June 2006. Though the numbers end five years ago, you can still see the roots of the argument that will have NBA owners, come midnight, again locking out their players. You can also see ho...
Parsing The Hornets Financials
At The Hive's Brian Ball takes a crack at those documents. The Times-Picayune weighs in as well, along with accounting blog Going Concern and some French people....
The New Orleans Hornets' Sad Financial Documents
We've obtained audited financial data for David Stern's new prize, the New Orleans Hornets. The statements cover 2008 and 2009, and among other things they paint a picture of a team already in hock to the NBA....