Fwd: Re: [Husker] CU slush fund

[Russ Volberding]

If I had a choice in dealing with either the NCAA or the IRS I would choose 
the former in a heartbeat.  The IRS might check into individuals activities 
but would they investigate the institution?  Weren't there some 
Congressional hearings that questioned some aspects of Colorado's 
program?  Perhaps as a part of a larger inquiry?
In any case my "loss of institutional control" remark was inferring a 
possible NCAA "death penalty" like what happened to SMU.  Such a ruling 
could really hurt the Big XII.


>Russ,
>
>  You know how you sometimes get a quick impression, or a phrase comes to
>mind. When reading about 17 uncontrolled cash boxes the word "audit" popped
>right up.  I hope it doesn't occur to anyone at the Internal Revenue
>Service.
>
>
>Gerald
>
>----- Original Message -----
>From: "Russ Volberding" <russvolb at earthlink.net>
>To: <husker at tssi.com>
>Sent: Wednesday, March 02, 2005 7:19 AM
>Subject: Fwd: [Husker] CU slush fund
>
>
> > Thanks for the link.  You know how you sometimes get a quick impression,
>or
> > a phrase comes to mind, when reading an article?  The phrase "loss of
> > institutional control" popped right up.  I hope it doesn't occur to anyone
> > at the NCAA offices.