2010-08-26 16:55:54 +0000 #1
Interesting. This has been touted many times on BB&B.
NCAA REPORT SHOWS MANY COLLEGE PROGRAMS IN THE RED
Last Updated 10:00 PM, August 25, 2010 ET
If college football is treated as a big time business, then business is bad right now.
A recent NCAA report done by professor Dan Fulks of Transylvania University in Kentucky shows that only 14 of the 120 FBS schools profited from campus athletics during the 2009 fiscal year.
While the NCAA does not release individual numbers for each school, you can probably take a wild guess as to which ones profited. Ohio State, Tennessee, Texas, Florida, Alabama and Missouri were just some of the schools confirmed to have made money with their athletic programs.
Maybe not surprisingly, sixty-eight universities reported a profit in football. An even more telling statistic was that all 97 non-football schools reported an average loss of nearly $3 million.
If over half of FBS schools are seeing success in what is, far and away, the most profitable sport, how are so many reporting a loss?
REST OF STORY
collegefootballtalk....programs-in-the-red/
NCAA REPORT SHOWS MANY COLLEGE PROGRAMS IN THE RED
Last Updated 10:00 PM, August 25, 2010 ET
If college football is treated as a big time business, then business is bad right now.
A recent NCAA report done by professor Dan Fulks of Transylvania University in Kentucky shows that only 14 of the 120 FBS schools profited from campus athletics during the 2009 fiscal year.
While the NCAA does not release individual numbers for each school, you can probably take a wild guess as to which ones profited. Ohio State, Tennessee, Texas, Florida, Alabama and Missouri were just some of the schools confirmed to have made money with their athletic programs.
Maybe not surprisingly, sixty-eight universities reported a profit in football. An even more telling statistic was that all 97 non-football schools reported an average loss of nearly $3 million.
If over half of FBS schools are seeing success in what is, far and away, the most profitable sport, how are so many reporting a loss?
REST OF STORY
collegefootballtalk....programs-in-the-red/
