FBI Probes Corruption In NCAA Basketball League

Published Saturday, March 03, 2018 - Online-Casinos.com
FBI Probes Corruption In NCAA Basketball League

The ongoing Federal Bureau of Investigation probe into US college basketball corruption started in September of last year. The questionable recruiting practices and business activities investigated have resulted in charges against several coaches. Charges against the traveling coaches who recruited potential players in alternate US states were those of solicitation of bribes and fraud.

This investigation by the FBI has caused concern for CBS and Turner, a subsidiary of Time Warner, which signed a valuable deal with the NCAA two years ago.  The deal was worth $8.8 billion over eight years, and gave broadcast rights to the National Collegiate Athletic Association’s (NCAA)Division I Men’s Basketball Championship game, also known as March Madness.

March Madness has a very high percentage of viewers, advertising for these events brought in $1.24 billion nationwide in 2016. The deal might dissolve because of the FBI investigation. Financial records and other related documents were confiscated during the raids on the organizations revealing that cash advances given to potential recruits were present along with expense reports and questionable payouts. These revelations have sullied the reputation of one of the most respected sports leagues in the USA. The big sports apparel conglomerate Adidas has also been implicated in the scandal. Adidas has been charged with facilitating payments to the colleges and universities that signed deals with the equipment supplier.

It has been suggested that the investigation by the FBI will severely limit the talent available in the league. The extra scrutiny of the coaches and players will cause a declined fan base as well as less enthusiasm for March Madness during the season. The decline in viewers will result in less revenue from advertizing for CBS and Turner. The FBI has already probed ten NCAA teams with more indictments to follow. Corruption has been exposed in many sports organizations in other parts of the world and it is not surprising that the NCAA is experiencing these violations too.

 

 

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