is reporting that LSU athletics recorded a $9.62 million deficit during the 2021 fiscal year due to covid pandemic issues and restrictions.
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.