Pennsylvania Duck Moderator No. 1 Share Posted January 21, 2023 The terminations resulted from a failure by those two executives to disclose material information to the Pac-12 Board of Directors and external Pac-12 auditors in connection with overpayments by a Pac-12 Networks distribution partner dating back to 2016. Sure took a long time for the distribution partner to find the error! Does the Pac have $50M sitting around? Pac-12 Statement: January 20, 2023 PAC-12.COM Earlier today, the Pac-12 terminated the employment of two senior executives, effective immediately. This action was taken following... Link to post Share on other sites More sharing options...
jrw Moderator No. 2 Share Posted January 21, 2023 (edited) Uh-oh...this sounds very much like the (still ongoing?) FIFA bribery scandal. Where did those $50 million in over-payments go? Larry Scott? I bet the 2 PAC officials know. In soccer it has worked like this for years: media rights were purchased by bribing the equivalent of Conference officials. The broadcast rights were sold for - say - $10 million, with - for example - an extra $2 million going to the corrupt officials who made the decisions on the broadcast rights sales. All sorts of byzantine wire transfers, offshore LLCs, lying, and lavish living were involved. Edited January 21, 2023 by jrw Link to post Share on other sites More sharing options...
Dr Hilarius Moderator No. 3 Share Posted January 21, 2023 This is repellent. Larry Scott is a cockroach who we can’t seem to kill. Link to post Share on other sites More sharing options...
1Funduck No. 4 Share Posted January 21, 2023 I'm thinking that those Motel rooms, that nobody could ever afford, didn't come from nowhere. Most expensive office complex in SFC? And possibly some ridiculous kickbacks? Inquiring minds want to know. Link to post Share on other sites More sharing options...
Flyin Vee No. 5 Share Posted January 21, 2023 So when and who goes to jail? Link to post Share on other sites More sharing options...
Pennsylvania Duck Author Moderator No. 6 Share Posted January 22, 2023 This article is from Trojans Wire, that's why the beginning has a USC slant. (No one else from the conference seems to be writing about this) Two Pac-12 executives originally hired by Larry Scott are fired in overpayment scandal Larry Scott’s track record gets even worse with ethical failures TROJANSWIRE.USATODAY.COM Pac-12 Networks president Mark Shuken and CFO Brent Willman, both products of the Larry Scott era, were terminated by George... Mysteries and lingering questions surrounding overpayment scandal as Pac-12 tries to sort things out This scandal has lead to many questions being asked and you will see them in the article below. The article refers to an original article by Jon Wilner, but that is on a pay site so I can't post here. However, this article restates the questions well. Pac-12 has to get answers to many questions on overpayment scandal TROJANSWIRE.USATODAY.COM While we wonder if this scandal will have any effect on possible media rights negotiations, the first priority is to simple get... Link to post Share on other sites More sharing options...
jrw Moderator No. 7 Share Posted January 22, 2023 Why are years-old “overpayments” surfacing now? Could this have anything to do with it? Fox looking at how it paid for other rights? https://www.usnews.com/news/sports/articles/2023-01-18/testimony-lays-bare-soccers-biggest-corruption-scandal 1 Link to post Share on other sites More sharing options...
