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Texas Longhorns: How The Athletic Department Keeps the Money Flowing

Article By on 5th May, 2010

... several big-time collegiate athletic programs have seen their endowment portfolios drop faster and deeper than a Cole Green curveball.

According to the Bloomberg News, however, UT is one of the few programs who actually saw its operating revenues go up since 2007, thanks to its investing in stadium expansions rather than securities.

Bloomberg News reports that of the athletic departments with more than $90 million in operating revenue, the biggest gainers were the Texas, up 32 percent to $138.5 million; LSU, up 32 percent to $100.9 million; and Texas A&M, up 33 percent to $98.1 million.

Bloomberg News received financial st...

Read Complete Article at Bleacher Report - College Football




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