April 20th, 2015 | by CollegeAD

Rutgers Athletics lost more than $36 million in the 2013-2014 fiscal year, a deficit more substantial than losing $1 every second of a typical calendar year, according to a March 2015 report by the University Senate’s Budget and Finance Committee. After spending $76.7 million on Athletics, Rutgers lost nearly 50 percent of its expenses during the last fiscal year, a figure reflecting lost money initially supplied entirely by allocations of University discretionary funds and student fees, according to the report. – Read More.

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