Biz Journal: Notre Dame's football team is a profit machine. The Gophers, not so much

BleedGopher

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per the Business Journal:

Colleges often justify the hefty costs and baggage of a big-time football program by highlighting the branding boost that comes with a competitive team. What most of these nonprofit institutions fail to mention is just how profitable the pigskin can be.

Football generated roughly $4.64 billion in operating profits for U.S. colleges last year, according to a Business Journals analysis of financial data submitted by some 885 institutions with school-sponsored teams. Those numbers equate to an an average operating profit of $5.24 million per school, although the variance among bottom lines was broad; powerhouse schools such as the University of Texas, the University of Tennessee and the University of Alabama each topped the $100 million profitability threshold, while 52 schools failed to crack $100,000.

On a per-student basis, Notre Dame has no equal; it's $10,571 profit per student was 75 percent higher than second-ranked Texas Christian University's $6,042 and more than double what was recorded by big public schools such as the University of Oklahoma, the University of Alabama and Ohio State University.

And the Minnesota Gophers? They turned a $41.6 million operating profit in 2017, according to the analysis. At $1,445 per student, the profits put Minnesota at No. 100 out of the 885 institutions. The Gophers ranked ninth out of 14 Big 10 schools.

Other Minnesota schools like UM-Duluth and Minnesota State University-Mankato topped $1 million in operating profits, but that equated to just $141 and $98 per student, respectively.

https://www.bizjournals.com/twincit...v4SYvc4p5FChL5bg4owEd&t=1540212229&j=84553331

Go Gophers!!
 




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