By Kyeland Jackson —
Kentucky Auditor of Public Accounts Mike Harmon might have another audit relating to U of L.
WDRB first reported the story, as Kentucky lawmakers requested Harmon audit management of the KFC YUM! Center Tuesday. The lawmakers cited possible failures in the arena’s financial management, attributing costs to a U of L lease agreement as part of the problem. Part U of L’s lease agreement with the YUM! center guarantees 88 percent of private suite sales go to the university. Businessman Denis Frankenberger, forecasts the stadium will go bankrupt.
“Basically what you’ve got is a conduit by which taxpayer dollars are funneled through and out the other end, and they go into the University of Louisville Athletic Association,” Frankenberger said.