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reestuart

Joined: 01/13/1999 Posts: 87622
Likes: 14295


From bizjournal (2015)...


The University of Maryland athletic department was in the black in fiscal 2015 for the first time in years, according to financial documents provided by the university.

Conference revenue, received from participation in bowl games, tournaments and through television appearances, jumped from $19 million in 2014 to about $35.2 million in 2015. Ticket sales also increased, from $13.4 million in 2014 to $16 million in 2015, a 19 percent surge.

That in turn caused overall revenue to grow dramatically, from $73.4 million to about $92.7 million in 2015. Overall expenses, however, rose an almost equal amount, from $72.9 million to $92.5 million.

That jump in expenses includes about $7.6 million in debt service payments the athletic department makes for its facilities and buildings — work done on Capital One Field at Maryland Stadium, the adjoining Tyser Tower, Xfinity Center and an outdoor amphitheater.

An additional $6.25 million in debt payments were made to the University of Maryland for the ACC settlement and earlier payments by the university to cover department shortfalls. Team travel costs also increased, from $5.4 million in 2014 to $6.35 million.

(In response to this post by 2hhoop3)

Link: Twerps


Posted: 05/25/2017 at 11:11AM



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Current Thread:
 
  
Penn St.Big 10 v ACC..Link -- CrystalCoveHokie 05/22/2017 2:45PM
  Glad history was written without Penn State in the ACC -- WestyHokie 05/24/2017 09:22AM
  According to SOME here, this is all bologna. -- chuckd4vt 05/22/2017 4:46PM
  Show..... -- 2hhoop3 05/25/2017 09:52AM
  From bizjournal (2015)... -- reestuart 05/25/2017 11:11AM
  $2.7M surplus for 2014-15. -- reestuart 05/25/2017 11:28AM
  Have previously read that article.... -- 2hhoop3 05/25/2017 11:27AM
  With 3x more content -- RTFC 05/23/2017 01:14AM
  So, how did the NBA score that MASSIVE TV contract? -- chuckd4vt 05/23/2017 01:32AM
  Reading comprehension has -- 2hhoop3 05/23/2017 10:32AM
  Probably about as well as Charlotte versus Memphis. -- chuckd4vt 05/23/2017 12:44PM
  Again, you .... -- 2hhoop3 05/23/2017 11:04AM
  Typical.... -- 2hhoop3 05/23/2017 1:28PM
  Not an attack... -- 2hhoop3 05/23/2017 1:43PM
  Who says we aren't -- Mercury 05/22/2017 4:52PM
  Exactly. Never take the foot off the accelerator! -- EDGEMAN 05/22/2017 7:14PM
  We seem to have issues similar to NU -- Tercules 05/22/2017 3:56PM
  Deleted** -- IB4TECH 05/22/2017 9:46PM
  Our campus nodes blacksburg nova roanoke -- Mercury 05/22/2017 4:55PM
  I think the latest research rankings will come out soon.... -- Old Line Hokie 05/22/2017 3:17PM
  I guess being a "world university" is important... -- Old Line Hokie 05/22/2017 9:23PM
  Now Sands is talking like a politician. -- Atlee Hokie 05/23/2017 04:32AM
  Agree. Tech's future plans.. -- Old Line Hokie 05/23/2017 4:11PM
  Universities are like all other entities. -- Atlee Hokie 05/23/2017 11:20AM

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