Ohio State and Michigan reporting

[marshall23]

more than 40 million dollar deficits in their athletic departments. Anyone know if PSU has a similar problem?

 

[RickinDayton]

more than 40 million dollar deficits in their athletic departments. Anyone know if PSU has a similar problem?

How is that possible with those two schools?

 

[LeatherHelmets]

Players payroll increases?

 

[Delco Lion]

Indiana university had a $25 million deficit. One of these reasons the schools are having deficits is due to Covid and the reduction in football and basketball TV payouts.

 

[wolve1972]

My guess is that it is Covid related

 

[Ian]

I’m sure the fed will bail them out.... or cut 10-12 sports like in the south and out west. Those schools carry around 20 sorts. In today’s world you can’t be funding 30+ sports when 3-4 are making the money. It sounds nice and traditional but it doesn’t work. The B1G must wake up.

 

[4theglory54]

My guess is that it is Covid related

Perhaps they had VERY favorable language in their business disruption insurance policy?

 

[dailybuck777]

My guess is that it is Covid related

Reduced and maybe no fans in stadiums. https://www.elevenwarriors.com/ohio...es-this-season-but-big-ten-wanted-consistency Apparently $63 mill at OSU. https://www.msn.com/en-us/sports/nf...21-fiscal-year/ar-AATmSa6?ocid=BingNewsSearch

 

[PSUSignore]

How is that possible with those two schools?

The figures are for the Covid season when there were no fans and no ticket revenues. PSU almost certainly is in a similar situation.

 

[Woodpecker]

The REAL money is in parking