November 21st, 2019 | by CollegeAD

After two consecutive years of operating expenses exceeding operating revenues, Kansas Athletics Inc. reversed the trend for fiscal year 2019 The organization’s auditor’s report, recently acquired by the Journal-World, shows that for fiscal year 2019, the operating income was $4.3 Million. For fiscal years 2018 and 2017, operating income came in at a loss of $1.6 Million and $82,000, respectively. The financial statements show Kansas Athletics’ total operating revenues were $114.7 Million in fiscal year 2019. That’s up 11% from its total of $103.2 million in fiscal year 2018. “Operating revenues growth was driven in large part to our (donors) pledging approximately $12 Million for the ‘Break the Cycle’ campaign to help with the aforementioned increased football investment,” AD Jeff Long wrote in an email to the Journal-World. The “Break the Cycle” campaign was started by Long to raise money to support three aspects of the football program: operation expenses, salary and facility expenses. – Lauren Fox, KU Sports, Read More

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