University of Oregon improperly transferred $5.8 million to shore up athletic budget
University of Oregon improperly transferred $5.8 million to shore up athletic budget Updated Apr 30, 2021; Posted Apr 30, 2021 The money was supposed to be set aside to pay off bonds used to finance Matthew Knight Arena, where the university's basketball teams plan. Leon Neuschwander for The Oregonian/OregonLive Facebook Share Amid a pandemic-caused financial crisis in its athletics department last year, the University of Oregon improperly borrowed $5.8 million from a bond reserve fund, money that was exclusively dedicated to paying off the bonds that paid for the school’s new basketball ...
Source: oregonlive.com