Problem: The problem with multiple Internal Rates of Return (IRRs) arises when a project has unconventional cash flows. Unconventional cash flows occur when more than one change in the cash flow direction happens during the project's life. In such cases, the IRR equation may have more than one solution, which can lead to ambiguity and confusion in decision-making. In the context of sports, this could occur in scenarios where there are multiple significant investments and returns over time. For example, a sports franchise might invest heavily in new players and infrastructure (cash outflows), then see periods of high revenue from ticket sales and sponsorships (cash inflows), followed by further periods of investment. This could potentially lead to multiple IRRs, making it more challenging to accurately assess the project's profitability.