COVID-19 concerns: The money machine of college football | Forbes

One of the ways that large universities maintain their budget and operating costs is through sports. With the coronavirus cancelling sporting events across the globe, some colleges just lost a massive form of income. For example, a recent report stated that cancelling the Men’s Division I basketball tournament in March, known as March Madness, cost the NCAA $375 million. What will happen now that sporting events are continuing to be cancelled? The University of Michigan was projecting $196.3 million in revenues for 2020 from sports and could face a loss of 60 percent of their operating budget. Ohio State also reports that they bring in over $60 million in ticket sales.

Source: https://www.forbes.com/sites/chriswestfall/2020/05/10/the-money-machine-of-college-football-in-the-age-of-coronavirus/#121dde125548