Here you go pomp...
Yup, we're such a profitable enterprise:
http://www.washingtonpost.com/sf/sports/wp/2015/11/23/running-up-the-bills/
http://www.twincities.com/2015/11/15/umn-athletics-budget-shortfall-is-among-biggest-in-big-ten/
Sure, you can blame the x-country runners for those spendy singlets.
And we're a leader in running up our credit card:
PiPress: For Gophers, Ski-U-Mah turning into IOU with $290 million debt load
per the Pioneer Press:
When the University of Minnesota fell short of its goal to privately fund a large athletics department upgrade, school President Eric Kaler recommended last week that the U borrow the shortfall and break ground almost immediately. Twenty-four hours later, the Board of Regents had approved the recommendation.
The decision was a victory for the athletics department and supporters who believe the Athletes Village project is necessary if the Gophers are to keep pace in the increasingly competitive field of big-time college athletics. Some, however, question the wisdom of borrowing an estimated $89 million when the athletics department already has outstanding debt of $201.2 million.
In August, Standard & Poor's -- one of the country's big three credit ratings agencies -- looked at the school's overall debt and lowered its outlook of the U's AA credit rating from "stable" to "negative."
Deficit spending is not uncommon in college athletics, said Dennis Howard, a Philip H. Knight sports professor at the University of Oregon. In fact, he said, "in the new era of college sports," Minnesota's debt "is not excessive," even if combining
the current and new debt would give the Gophers one of the most debt-ridden departments in the nation.
(Sorry, but can't retrieve the following link?)
http://www.twincities.com/sports/ci_...rning-into-iou
http://latenighthoops.com/minnesota-athletics-a-leader-in-debt/#.V99Rllo8KrU
I can only imagine how profitable football must be at the high school level.
Here's the deal, I like football first and everything else is very distant second. My bias is that some sports should probably be eliminated (e.g., men's gymnastics) due to cost and lack of participation. However, I think it is a fools errand to suggest that non-revenue sports in general are somehow holding back football. Football has an insatiable appetite and no amount of revenue will ever satisfy it. Although I don't like it, this is the reality of the arms race in big time college football. As an investor, I mean donor, I'm hopeful our "healthy" investment pays off.