Found January 29, 2013 on Unathletic:
A report in SportsBusiness Journal paints a dire picture of one of the biggest college athletics programs, the SEC’s Tennessee Volunteers: “The Vols find themselves mired in more than $200 million of debt, the most in the SEC, with reserves of just $1.95 million, the least in the conference.” The department’s debt is a combination of a drop in attendance (can you remember the last big Tennessee football win?), poorly timed facility upgrades and the buyouts of coaching contracts, according to the story. [Click Here to Continue Reading] My first reaction to this article was ‘well like 90% of athletic departments lose money every year’, but $200 million?! How is that even possible? Didn’t someone go, “Hey, guys maybe we should curb the spending until one of our teams is good, eh? Maybe we shouldn’t add the cold tub in the women’s golf locker room.” So what happens if things go really haywire? Peyton will save the day somehow!

Tennessee Athletic Department $200 Million In Debt

Big time college football is the money-maker in all of college sports, but to be big time and not any good, equals bad press and plenty of debt. A Sports Business Journal report is reporting that because of bad play on the football field and fewer people in the stands, the Tennessee Volunteers athletic program is $200 million in debt. After staggering to losing football seasons...
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