A new audit shows that of the 192 sports programs Colorado’s 11 public universities and colleges run, only 2 make money…
(Few College Sports Programs Profitable wrap :45)
Those 2 are the football and men’s basketball operations at CU-Boulder. Combined, they actually bring in tens of millions of dollars, while most others lose money. In the 2021 to 22 school year, for example, the highly-successful School of Mines football program that won a lot of games and played for a national championship, earned nearly 300 thousand dollars. But, it spent around 2 ½ million. Assistant Mines Athletic Director Tim Flynn…
230809 T Flynn- one key is radio and tv rights :12 Q:…or colorado state…
So where do all those schools get their money? Most programs rely on athletic donors contributing to their schools. Those gifts are how Mines’ new 26-million-dollar football stadium got built.