I assume you are preparing your resume for an MBA application.
I think you should consider this inline with the rest of your application. Ask yourself "Is my college athlete history at 2 different colleges adding value to my overall candidacy?" or "Taking courses from 2 different colleges adding value to my overalla candidacy?" Odds are, you will think that a decent college athlete history will be useful unless this is an ancient story (i.e. you have 5 or more years of work experience by matriculation). That said, you may wish to use this as a line in your resume.
All in all, I would put down only the undergrad institution from where you earned your degree. In most of the applications, there will be a seperate part in the application where you may be asked to list courses taken at different institutions so you'd better use different undergrand institution experiences for there.
Hope this helps.