Tip of the Iceberg
Posted: Sat Jan 19, 2019 9:39 pm
I think this is not atypical. Accounting nowadays is not a science so you see all kinds of creative numbers. In UConn's case, this seems to be real. Of note is the sports that lost money. Save a few programs, college sports have become the second largest Ponzi scheme. (The first and by far and away the largest is the United States Government.)
"In an NCAA financial statement released Thursday, UConn reported that total generated revenue from sports last year totaled $40.4 million, while expenses came in at $80.9 million.
Football lost $8.7 million, men's basketball $5 million and women's basketball, a perennial power, had expenses that outpaced revenues by more than $3 million.
The school, with most of its athletic programs in the American Athletic Conference, struggles to compete fiscally with similar programs in the higher revenue-generating Power 5 conferences -- the ACC, Big Ten, Big 12, Pac-12 and SEC."
http://www.espn.com/mens-college-basketball/story/_/id/25802369/uconn-huskies-athletic-director-rule-cutting-some-sports
"In an NCAA financial statement released Thursday, UConn reported that total generated revenue from sports last year totaled $40.4 million, while expenses came in at $80.9 million.
Football lost $8.7 million, men's basketball $5 million and women's basketball, a perennial power, had expenses that outpaced revenues by more than $3 million.
The school, with most of its athletic programs in the American Athletic Conference, struggles to compete fiscally with similar programs in the higher revenue-generating Power 5 conferences -- the ACC, Big Ten, Big 12, Pac-12 and SEC."
http://www.espn.com/mens-college-basketball/story/_/id/25802369/uconn-huskies-athletic-director-rule-cutting-some-sports