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College and University Discussion
Reply to "Record enrollment at U South Carolina "
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[quote=Anonymous][quote=Anonymous]Shift to SEC schools. These are very well-run schools as a group. [b]They have a lot of sports money [/b]and almost all are making investments in teaching, research and capital improvements. In contrast to the Big 10 who are squabbling over their private equity investments (Michigan threatening to leave) and schools like Chicago, Northwestern and Stanford laying off and addressing massive financial issues. [/quote] The sports money simply supports their sports...almost none of these schools make a profit on their sports or at most they make a tiny profit. South Carolina collected $183.5MM of sports revenue and spent $183.7MM on sports expenses. This includes any and all sports money, including TV rights. If schools wanted to make a substantial profit on sports, they would get rid of everything except football and basketball. Football had a $31MM profit, men's basketball a $3.5MM profit...every other sport loses money, including surprisingly women's basketball which lost $5MM.[/quote]
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