Friday, August 28, 2020

Gophers athletics brace for ‘ripple effect’ from a fall with no sports - Bemidji Pioneer

Only three of the Gophers’ 25 sports made money in fiscal year 2019. The football program turned a $28 million profit, men’s basketball was in the black at $9.6 million and men’s hockey made $289,000. That means money — lots of it. Without fall sports, the Gophers estimated in May they would take on a $75 million loss in the current 2021 fiscal year through June. That would be a 60 percent blow compared to their overall budget of $123 million in 2020.
https://www.bemidjipioneer.com/sports/football/6619579-Gophers-athletics-brace-for-%E2%80%98ripple-effect%E2%80%99-from-a-fall-with-no-sports