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Will Stewart 

Joined: 09/18/1999 Posts: 79529
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Cal receiving annual bailouts to cover its athletic deficits. (link)


For the second year in a row, Cal Athletics will receive a bailout from the chancellor’s office to close its deficit, raising questions about the long-term sustainability of the department.

Facing an anticipated budget shortfall of $16 million in Cal Athletics, former chancellor Nicholas Dirks authorized spending up to $20 million to close its deficit for fiscal year 2017, according to campus spokesperson Dan Mogulof.
[Post edited by Will Stewart at 10/19/2017 10:47AM]

Link: ‘An impossible situation’: Cal Athletics gets $20M bailout from chancellor�


Posted: 10/19/2017 at 10:47AM


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Current Thread:
 
  Cal receiving annual bailouts to cover its athletic deficits. (link) -- Will Stewart  10/19/2017 10:47AM
  How did they go from $5m to $25m over in one year? ** -- hokie-c 10/21/2017 7:19PM
  Took on a ton of debt to earthquake-proof their stadium. ** -- Will Stewart  10/21/2017 11:34PM
  They made it a lot nicer too -- MrBayAreaHokie 10/28/2017 8:08PM
  What funds the chancellor’s office. Where did they get $40M+ to hand out ** -- hokeyhokie 10/20/2017 08:13AM
  I'm guessing one and/or two places. -- Atlee Hokie 10/22/2017 7:22PM
  Easy fix.Take hatchet and cut all sports except FB,BB and baseball/softball -- moonda 10/19/2017 11:38AM
  A related link -- OU_Sooner 10/19/2017 11:12AM
  Competing with Stanford is tough. -- Mr. Touchdown 10/19/2017 12:15PM
  The Cal athletics budget problem is almost entirely due to the stadium -- BB Hokie 10/19/2017 4:25PM
  What did they misfigure WRT the stadium, that's costing so much now? -- Atlee Hokie 10/20/2017 02:09AM
  Expanding on what HokieDevil said -- Wolfman 10/20/2017 10:52AM
  It's a combination of things -- HokieDevil 10/20/2017 08:53AM

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