Sunday, September 27, 2020

UGA expecting to have $55 million budget deficit in 2021 - Brent Wilson, SI

To nobody's surprise, college athletic programs are expecting a deficit in their athletic budgets next year. Georgia AD Greg McGarity detailed in a board meeting that he is expecting the Bulldogs to have a "budget shortfall of $55 million for the 2021 fiscal year". This is a result of the Bulldogs' limited seating policy. With Georgia only allowing 20%-25% of its normal attendance, many season ticket holders were only offered tickets to one home game for the 2020 season. UGA did offer season ticket holders a refund of their donation if they did not want to opt for their tickets, directly causing the budget shortfall.

https://www.si.com/college/georgia/news/uga-athletic-budget-deficit-2021