Posted by:
StillAnon
(
)
Date: November 10, 2018 10:13AM
"College football is not really a "cash cow". There are only a small handful of top tier football teams, like Alabama, Ohio State and Texas, where football revenue exceeds expenses. Once you get past the top 20-30 college football programs, they either break even or lose money."
Not really, if you understand the way the accounting works. They have to spend all the money to show that they break even or operate at a small loss. That's the reason for almost unlimited spending on world class weight rooms, spa's, pools, stadiums and stadium expansions. They waste a ton of money in order not to show a profit and reduce tuition. A few good sources. It's creative accounting. If they wanted to cut costs, stop excessive spending and run it like a real company, they'd show huge profits.
https://www.thechampaignroom.com/2017/5/22/15659242/out-of-control-spending-ncaa-college-athleticshttps://www.forbes.com/sites/kristidosh/2017/06/12/the-biggest-misconceptions-about-the-finances-of-college-sports/#11ec6744366f