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sports finance

How a Trusted Accountant Blew It with a Luxury Shopping Spree

May 1, 2026

A 46-year-old Atlanta Hawks finance exec, Lester T. Jones Jr. , got 3 years and 5 months in prison for turning his employer’s money into his personal piggy bank. Instead of tracking the team’s cash, he put it toward watches, designer clothes, and vacations—including $80, 000 trips to the Bahamas and

sports

Expanding March Madness: What a 76‑Team Bracket Means

April 29, 2026

The NCAA is set to grow its basketball tournaments from 68 to 76 teams next year, a move that will reshape the classic bracket and add new games before the main action starts. The change has been on the table for four years, with conference leaders and coaches pushing for more spots while critics wo

sports

Utah Basketball’s Money Map: What It Means for Big 12 Play

March 19, 2026

The Utes’ basketball budget tells a story about their chances in the Big 12. Last year, the football team made more than $100 million and kept a profit of about $50 million. The men’s basketball program earned roughly $18. 5 million and spent about $11. 2 million, leaving a profit of just over

business

Utah Athletics Gets a Big Boost from Private Investors

December 11, 2025

A big change is coming to college sports, and the University of Utah is at the center of it. The school is teaming up with Otro Capital, a private equity firm from New York. This deal could bring in up to $500 million, which is a lot of money for any sports program. The firm will own a small part of

sports

Building Empires of Bricks and Mortar: Can Women Crack the Code of Stadium Finance?

September 6, 2024

Stadium deals, often hailed as modern-day marvels of architecture and engineering, are also complex financial puzzles. Enter Stacy Sonnenberg, a financial whiz at Goldman Sachs, who's shaking things up with her innovative securitization strategies. Think of it like this: she's turning stadiums in