LOUISVILLE, KY (WAVE) - A spokesman for the University of Louisville confirmed Todd Sharp, the coach of the Ladybirds dance team, has been let go.
On Tuesday, the university shared his letter of termination, which is dated Dec. 14 and signed by Director of Athletics Vince Tyra on behalf of the University of Louisville Athletic Association (ULAA).
Sharp was terminated after a six-month review of the Cheer and Dance program, conducted by UofL Audit Services, the letter states.
The review, which included the UofL Police Department, unearthed “substantial evidence” that Sharp diverted money from athletic accounts for “potential personal gain.”
It goes on to say the revenue in the ULAA Cheer and Dance account was expected to be $70,000 for the time period of April 2017 through June 2018. Instead, the audit only found $29,372 in the account.
That means more than $40,000 went missing under his management.
The letter states Sharp “directed funds to be submitted directly to (him) in cash.”
This “fiscal misconduct” violated Sharp’s employment contract, and his last day at UofL was Dec. 15, according to the letter.
Sharp can appeal the decision, but WAVE 3 News is not aware of an appeal at this time.
UofL directed WAVE 3 News to make further requests for information when offices reopen in January.
Sharp is well known in the dance world, and Lifetime created a reality cable show around him called So Sharp. It premiered in July of 2017, after he won a national title with the Ladybirds in 2016.
He is also head coach of the Dazzlers at Floyd Central High School. WAVE 3 News reached out to the school to see if he is still employed, but has not heard back.
Since Sharp’s arrival with the Ladybirds, the program has won 14 national championships, according to the athletics website.