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

Comments

33 Comments
user avatar
Isn't more than 25% capacity season ticket holders? I thought most all the seats are sold save the visitor allotment.
Reply4 months
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with baseball coming up and the pmac always packed it will change
Reply4 months
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But how much in hand-outs did they get from their DC friends in return?
Reply4 months
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Thank John Bel Cock Sucker for this and any other moron who complies or votes for this garbage.
Reply4 months
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We also had to pay the swamp man??
Reply4 months
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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
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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.
Reply4 months
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Thanks brandon
Reply4 months
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Coach O kicked back in Destin smiling.
Reply4 months
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Hahaha
Reply4 months
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Has anyone mentioned the elephant in the room that the brokness may have been caused by the wokness?
Reply4 months
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No. 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
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Get woke go broke
Reply4 months
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Sadly, we've seen the opposite trend
4 months
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Get broke go woke?
4 months
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Well when you don’t allow fans to come to games for some bull shite Covid so-called vaccine policy then this is what happens. Go Woke and go broke.
Reply4 months
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"due to covid pandemic issues and restrictions" Dims
Reply4 months
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How much in coach buyouts?
Reply4 months
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Lol 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
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Seek therapy
4 months
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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
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Get woke. Geaux broke!
Reply4 months
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Rona testing was like $150/pop 3x a week every single athlete. Few million wasted right there.
Reply4 months
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The university got $$$ for that from the feds.
4 months
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Surprised it’s not worse actually.
Reply4 months
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I always knew BLM was a pandemic
Reply4 months
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Nobody's buying those $42 cold nachos from aramark
Reply4 months
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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
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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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Let's be honest, less money was being donated because of the direction of the football program, and look what happened: shite changed quickly.
Reply4 months
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No.
4 months
user avatar
Let's be honest, you have no clue what you are talking about.
4 months
user avatar
Yeah cuz of the football program. That's it.
4 months
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