re: 2023 LSU WBB won Natty but lost nearly $8M

quote:

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costs money to make money. Mulkey and staff costs money

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If your cost revenue ratio is 100% or higher, you're operating at a loss.


It says their expenses were roughly $10.5m and their revenue was $2.5m.

10.5 / 2.5 = 4.2 or 420%

Saying "it costs money to make money" in this context is dumb as shite.

"It costs me $10 to make this widget and I sell it for $5. But you know, 'it costs money to make money.'"