The Detroit News: 11 University of Michigan coaches have loans with The Bank of Ann Arbor
Eleven University of Michigan coaches have mortgages with The Bank of Ann Arbor, which was founded by U-M athletic director Bill Martin, the Detroit News reports today. Is that a conflict of interest? Martin, the chairman of the board at the bank, said he didn't know about the loans until now.
"Now that I know, I don't like it necessarily," Martin told The Detroit News. "When you don't know, you don't have a conflict."
Football coach Rich Rodriguez has a $417,000 mortgage and a $783,000 line of credit, The Detroit News reported. Seven of his assistants also have loans with The Bank of Ann Arbor. Go here to read the complete article.