WICHITA, Kan. (AP) — Auditors say an annual college baseball tournament held in Wichita since 1935 is in financial trouble.
The audit of the city-owned National Baseball Congress found the regional tournament is more than a quarter-million dollars in debt and owes two years of lease payments for Lawrence-Dumont Stadium.
City officials say the tournament’s financial problems threaten its future. The city has begun a study to rescue the tournament, which made only $1,100 in profit last year.
The Wichita Eagle (http://bit.ly/16wHsfR ) reports initial plans are to seek corporate sponsorships and increase marketing of the tournament through 2014.
The tournament is managed by the minor league Wichita Wingnuts. The audit found the tournament’s finances have been mingled with the Wingnuts’ books for the last two years.
Information from: The Wichita (Kan.) Eagle, http://www.kansas.com