UH sports bailout request to regents in works

The college's athletic department has built an $11 million deficit that a chancellor wants to see forgiven

By Ferd Lewis

POSTED: 01:30 a.m. HST, Mar 22, 2013

~~<p>UH-Manoa Chancellor Tom Apple plans to ask the University of Hawaii Board of Regents to forgive the athletic department's $11.3 million — and escalating — accumulated net deficit as part of a major restructuring effort.</p>
<p>The request would follow a recommendation from John Holzman, chairman of UH's Task Group on Intercollegiate Athletics, at Thursday's meeting that Apple "present to us in May a plan to balance the books and reconcile the accumulated deficit in as transparent a manner as possible."</p>
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UH-Manoa Chancellor Tom Apple plans to ask the University of Hawaii Board of Regents to forgive the athletic department's $11.3 million — and escalating — accumulated net deficit as part of a major restructuring effort.

The request would follow a recommendation from John Holzman, chairman of UH's Task Group on Intercollegiate Athletics, at Thursday's meeting that Apple "present to us in May a plan to balance the books and reconcile the accumulated deficit in as transparent a manner as possible." Login for more...