Re:The NCAA Erased My Career
by syops on Sunday April 25, 2021 @08:05AM
(#26932096)
Those D1 schools generate insane amounts of revenue from college and that revenue, in general, goes back to the athletic programs. The university as a whole does use money from those programs to fund education. Those programs don’t pay for their stadiums. They are subsidized by student fees. And those programs that do generate great revenue (but usually not great profit) are still a minority even amongst only D1 schools.
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You don’t even check your own math when you make that claim about student fees and stadiums. Stadiums costs nearly a billion to even renovate these days. Assuming a athletic fee of $2k per year at even the largest universities of 40k students. $80 million is a tiny drop in the bucket for a billion.
Since you refuse to even do a small amount of research into this, stadiums and capital expenditures are vastly funded by alumni donations. Unofficially that is the biggest metric for athletic director success.
I never claimed student fees pay for stadiums. I think you did not understand what I wrote. I claim that stadiums are built by taxpayers (at public institutions) and that expenditure is not part of the calculation of the alleged profitability of sports programs. Built by taxpayers in the form of bonding bills usually. As I understand these things.
https://www.ibtimes.com/college-football-public-universities...