Monday, August 21, 2017

Cal considers selling alcohol at games, demolishing Edwards Stadium, to reduce budget deficit - Janny Hu, SF Chronicle

Cal’s financially strapped athletic department is considering selling alcohol at football and basketball games — as well as the naming rights to Memorial Stadium — in an effort to boost revenue amid a massive budget shortfall. The department, which lost about $22 million last year, is aiming to reduce its overall deficit by $4.65 million this fiscal year, according to budget plans for 2017-18. Potential expense reductions include trimming roster sizes for men’s sports and reducing the number of out-of-state scholarships offered; cutting entire sports was not specifically listed. http://www.sfgate.com/collegesports/article/Cal-considers-selling-alcohol-at-games-11818703.php