This chapter discusses race, athletic capitalism, and governance issues in college sports. We begin with an overview of the historical evolution of intercollegiate athletics and the creation of structures rooted in racism and anti-Blackness. Then, using these critical lenses, we also discuss current manifestations of racism and anti-Blackness and the negative impact on the college athlete experience. Finally, we conclude the chapter by offering recommendations for reforming and restructuring governance and control of college sports rooted in humanizing values.