February 14 2011 Last updated at 07:54 PM ET
Bowl organizers said Monday in a news release that an independent investigation is being conducted by a special committee of the board of directors consisting of retired Arizona Supreme Court Justice Ruth McGregor and Fiesta Bowl Directors Jim Bruner and Steve Whiteman.
The board doesn't have a definitive timeframe for when the investigation will be completed.
In the interim, Alan Young, past chairman of the bowl and long-term volunteer, has agreed to serve as chief of staff for the organization.
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