November 16th, 2018 | by CollegeAD

Colleges often justify the hefty costs and baggage of a big-time football program by highlighting the branding boost that comes with a competitive team. What most of these nonprofit institutions fail to mention is just how profitable the pigskin can be. Football generated roughly $4.64 billion in operating profits for U.S. colleges last year, according to a Business Journals analysis of financial data submitted by some 885 institutions with school-sponsored teams. Those numbers equate to an average operating profit of $5.24 million per school, although the variance among bottom lines was broad. Powerhouse schools such as the University of Texas, the University of Tennessee and the University of Alabama each topped the $100 million profitability threshold, while 52 schools failed to crack $100,000. – Bizjournals. Read More.

NeuLion College

About CollegeAD
Have a tip, job posting, or press release for CollegeAD? Email us atĀ [email protected], or direct messageĀ @collegead. Sources always remain anonymous.

Comments are closed.

A Briefing Of The Day's College Athletics News
To Your Inbox Tonight.

* indicates required