The Future of College Sports Hangs in the Balance
Discover how taxation, professionalization, and legislation could transform the game forever.
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WHAT I DO
About Me
Thomas A. McGovern is a Certified Public Accountant (CPA) and holds the Chartered Financial Analyst (CFA) designation. His extensive career includes twenty years as a Wall Street investment banker and equity research analyst. He has been involved in the higher education sector as a member of the board of directors of the University of Virginia's Manhattan alumni group, the Virginia Club of New York, and President of the Board of Governors of the St. Elmos national organization. Thomas McGovern earned a Master of Business Administration (MBA) from the Darden Graduate School of Business at the University of Virginia and an AB in Economics from Hamilton College where he graduated summa cum laude.
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About the Book
Overview
Discover Road to the Final Hour, an in-depth exploration of the forces threatening to reshape college athletics. From taxation to professionalization, this book unpacks the complexities of the current landscape and provides a compelling case for preserving the spirit of college sports.
“College sports are at a crossroads, and how we address these challenges will define the future of intercollegiate athletics for generations to come.”
- Thomas A. McGovern
Chapters Preview
Discover how taxation, professionalization, and legislation could transform the game forever.
Buy the Book The Labor Issue
Examines the push to classify college athletes as employees and its implications.
Effects of Taxation
Unpacks how UBTI and loss of tax-exempt status could cripple the industry.
The Bigger Issue
Explores the ideological battle over the value of college sports in society.
MORE INFO ABOUT THE BOOK
The Issues
What Happens When College Athletics Lose Tax-Exempt Status?
The imposition of Unrelated Business Income Tax (UBTI) could drastically alter the financial foundation of college sports. A 21% federal corporate tax, combined with state taxes, would reduce funds available for non revenue sports and student-athlete scholarships.
Cultural Significance of College Athletics
“More Than a Game” College athletics produce Olympians, foster teamwork, and teach life skills. Cutting programs would not only hurt athletes but also the broader educational mission of U.S. universities.
Two Scenarios for Professionalization
Scenario 1
Professionalizing only revenue sports like football and basketball.
Scenario 2
Professionalizing all intercollegiate sports, with catastrophic financial consequences.
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