Alabama reportedly made $18.5 million surplus in 2022, notes ‘significant portion’ planned for debt
By Keith Farner
Published:
Alabama has released its annual NCAA financial report, and the Crimson Tide operated at an $18.5 million surplus during the 2022 fiscal year.
However, the report was obtained by The Tuscaloosa News, and it reported that Alabama said that a “significant portion of that profit” will be used toward financing existing debt from projects already completed. Alabama had total operating revenues of $214.37 million and operating expenses of $195.88 million during the fiscal year that spanned July 1, 2021 through June 30, 2022.
In terms of football only, Alabama had a net profit of about $52.35 million from July 1, 2021 through June 30, 2022.
Previously, Alabama brought in a $9.6 million in profit during the 2021 fiscal year after the SEC-wide bailout of $23 million. During the 2021 fiscal year, Alabama brought in $179.8 million but had operating expenses of 170.2 million.
A former newspaper veteran, Keith Farner is a news manager for Saturday Down South.
