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Report: LSU Athletics Recorded A $9.62 Million Deficit In The 2021 Fiscal Year
33
Kirby Lee-USA TODAY Sports
The Advocate is reporting that LSU athletics recorded a $9.62 million deficit during the 2021 fiscal year due to covid pandemic issues and restrictions.
quote:
LSU produced a deficit of $9.62 million in the 2021 fiscal year, according to the school’s annual NCAA financial report. The athletic department had reported profits every year since at least 2004, but without football able to support other programs as much as before, the department took a financial hit.
The net loss was somewhat expected. The coronavirus pandemic forced LSU to reduce Tiger Stadium’s capacity to 25% throughout the 2020 season, which slashed ticket sales. After making an average of $36 million per year over the previous five seasons on football tickets, LSU reported $5.69 million, a drastic reduction in one of the department’s primary sources of revenue. Read more.
Filed Under: LSU Sports
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Thank John Bel Cock Sucker for this and any other moron who complies or votes for this garbage.
Reply•4 months
He is gone. He can’t hurt you anymore. Was will be paid out by TAF and other booster money. That’s where buyout money comes from, not general athletic revenues.
4 months
I am surprised this is all it was. Between covid and crappy attendance even when it opened up due to a lackluster team. They are lucky it was not millions more.
Reply•4 months
Has anyone mentioned the elephant in the room that the brokness may have been caused by the wokness?
Reply•4 months
SeanLSU
5
3
53No. No, I don't think anyone posting on this site has ever linked those two rhyming concepts. Nope. Never heard it around here at all.
4 months
GeauxLSUGeaux3711
3711Lol at dumbasses who post this not knowing where the money comes from. You probably also believe that money is taken from poor minority professors and that a cloth mask will keep you from getting covid.
4 months
Facts don’t care about your feelings. And the facts are coach buyouts come from private booster funding in the TAF. Sorry you’re a dumbass bro. Maybe try doing some research next time.
4 months
Rona testing was like $150/pop 3x a week every single athlete.
Few million wasted right there.
Reply•4 months
Who says? That's yummy, mmmmmm I would eat that in a heart beat so it won't burn top of my mouth and my 4 year old would like it as well
4 months
Oh, it is the concession stand nachos. Knew it. I hold out from eating all day at the tailgate to get those bad boys... Snickers and Coke also really suck there too. We need a new concession stand conglomerate so bad, I lose sleep over it every night.
4 months
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