The Tostitos Fiesta Bowl has retained its license to operate, the NCAA announced Tuesday. The Fiesta and affiliated Insight Bowl retained their licenses in the wake of a scandal of misappropriate spending with a one year probationary period. This includes the requirement that Fiesta Bowl officials meet in person with the subcommittee at its annual meeting in April 2012 to provide a progress report on its management and business plan changes. Nick Carparelli, chair of the postseason bowl licensing subcommittee and senior associate commissioner at the Big East Conference, said the subcommittee was troubled with the findings of the independent report but conditionally supports the new direction of the Fiesta Bowl. Read more: http://sports.espn.go.com/ncf/news/story?id=6560500
