If a sports team gets paid by sponsors and keeps any left over money is this embezzlement?
Not enough background information is given with which to answer.If the team CLAIMS it NEEDS more money than is actually required, and then keeps the extra money, yes-probably, it would qualify as some degree of Fraud.However, if the sponsor just gives the team management a certain amount of money (a donation) and leaves it to the team management's discretion how to spend it, no-probably not.