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Can't calculate the costs of athletics?(NEWSWATCH)(Brief Article)
It may be impossible to determine exactly how much colleges really spend on sports, according to a panel of experts who recently testified before the Knight Foundation Commission on Intercollegiate Athletics.
Groups governing sports, schools and financial experts have tried to arrive at uniform accounting standards for college sports for years. But all agreed that schools have such murky and idiosyncratic methods for accounting that comparing finances at two or more schools may be hopeless. In other words, they have buried the real facts so well that the money trail is obliterated.
James Isch, CFO for the NCAA, briefed commission ...
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