Auburn's finances reportedly show record revenue, highest profit in 12 years
In a difficult time for college sports programs across the country, Auburn reported a record revenue and the highest profit since the 2007-08 fiscal year.
Auburn’s athletics department accrued $153,703,749 in revenue and a surplus of nearly $17.9 for the fiscal year, according to a copy of the university’s annual NCAA financial report obtained Friday by AL.com through a public records request.
Auburn reported those record numbers in the midst of the coronavirus pandemic due to the university’s fiscal year beginning Oct. 1 and ending Sept. 30, according to a report from Tom Green of AL.com. Auburn benefited from the 2019 football season and 2019-20 basketball season operating at full attendance before COVID-19 impacted the sports world in March, canceling spring sports, as well as the NCAA Tournament and College World Series.
A surplus of $17,887,318 is the department’s highest since the 2007-08 fiscal year, when it profited $19,470,624. It also marks a year-over-year profit increase of $4.69 million.
In August, Athletics Director Allen Greene reported that the decision to limit capacity to 20 percent attendance, paired with the 10-game SEC schedule that resulted in two fewer home games last fall, would result in a budgetary shortfall of “tens of millions of dollars,” according to Greene.
“As you may know, revenue from football finances all 21 Auburn teams,” Greene said in a letter to fans.
The true impact of the coronavirus pandemic on Auburn’s financials is expected to be reflected in the athletic department’s 2020-21 NCAA financial report.
I’ll take full credit for this surplus. I donated $3.5M every time the Barners got their a$$ handed to them. Ended up being more expensive than I imagined but well worth it.
Maybe $3.50 but that would still be a lot from someone living in a trailer
Lol….. that’s hilarious! But ole Gump troll deserved it lmao
Nice, the irony of it is your comment will offend 90% of auburn fans.
That was a terrific response. He is a typical obnoxious Bama fan. He comes over to post an insult and gets owned.
I wonder if it was from all the bama fans that said they would jump ship after Saban marched with his players for BLM. Though it’s more likely they caught amnesia when we won the natty.
Marcus Aurelius had a man to follow him around and whisper in his ear, you’re just a man, you’re just a man! You need somebody to follow you around and whisper in your ear, you’re just a fan, you’re just a fan. This is so you want actually think you play on the team lmao