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Report: LSU Athletics Recorded A $9.62 Million Deficit In The 2021 Fiscal Year

by Staff Reporter

January 25, 202233 Comments

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.

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33 Comments

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Play_Neck•27 months

Let's be honest, less money was being donated because of the direction of the football program, and look what happened: shite changed quickly.

wesman21•27 months

No.

TigerMan79•27 months

Let's be honest, you have no clue what you are talking about.

A Menace to Sobriety•27 months

Yeah cuz of the football program. That's it.

luciouslou•27 months

Nobody's buying those $42 cold nachos from aramark

Lowes knowsLSU•27 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

Geaux Guy•27 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.

dbbuilder79•27 months

I always knew BLM was a pandemic

partyboy1930•27 months

Surprised it’s not worse actually.

Privateer 2007•27 months

Rona testing was like $150/pop 3x a week every single athlete. Few million wasted right there.

WeeWee•27 months

The university got $$$ for that from the feds.

NPComb•27 months

Get woke. Geaux broke!

TigahJay•27 months

How much in coach buyouts?

GeauxLSUGeaux•27 months

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.

TigahJay•27 months

Seek therapy

GeauxLSUGeaux•27 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.

Hurricane Mike•27 months

"due to covid pandemic issues and restrictions" Dims

rob62•27 months

Well when you don’t allow fans to come to games for some bullshite Covid so-called vaccine policy then this is what happens. Go Woke and go broke.

burke985•27 months

Get woke go broke

Geaux Guy•27 months

Sadly, we've seen the opposite trend

ThatTahoeOverThere•27 months

Get broke go woke?

ThatTahoeOverThere•27 months

Has anyone mentioned the elephant in the room that the brokness may have been caused by the wokness?

SeanLSU•27 months

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.

Ignignot•27 months

Hahaha

JackieTreehorn•27 months

Coach O kicked back in Destin smiling.

Sisselpud81•27 months

Thanks brandon

CanebreakCajun•27 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.

Aech2019•27 months

We also had to pay the swamp man??

CanebreakCajun•27 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.

A Menace to Sobriety•27 months

Thank John Bel Cock Sucker for this and any other moron who complies or votes for this garbage.

Black n Gold•27 months

But how much in hand-outs did they get from their DC friends in return?

Tiger fan999•27 months

with baseball coming up and the pmac always packed it will change

holmesbr•27 months

Isn't more than 25% capacity season ticket holders? I thought most all the seats are sold save the visitor allotment.

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