Internal Audit Reveals Colorado Athletics Lost $1.24 Million on 2024 Alamo Bowl Trip

An internal audit at the University of Colorado (CU) found that the athletics department incurred a $1.24 million loss from its 2024 Alamo Bowl appearance. The audit highlighted issues such as overpaying coaching staff bonuses, misclassifying the bowl game's tier, and a lack of a formal budget, leading to uncontrolled spending. CU plans to implement the audit's recommendations to improve financial oversight for future postseason events.