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The NCAA suffered an annual deficit for the first time in the 11 years that USA Today Sports has compiled its financial statements.
On Friday, USA Today’s Steve Berkowitz reported that the NCAA operated at a loss of more than $9 million in 2015 as detailed in an audited financial statement that the governing body released.
As far as total revenue went, the NCAA experienced a decrease of more than $76 million, although Division I members enjoyed an increase of $20 million in distributions.
How notable is it that the fiscal year — which ended Aug. 31, 2015 — concluded with the NCAA in the negatives? Prior to that, it had at least earned an annual surplus of $10.9 million.
According to Berkowitz, investments played a major factor.
In 2014, the NCAA reported investment income of more than $82 million. In 2015, it reported investment losses of nearly $21 million.
Born and raised in Gainesville, Talal joined SDS in 2015 after spending 2 years in Bristol as an ESPN researcher. Previously, Talal worked at The Gainesville Sun.
