Report: Tennessee projects over $10 million decrease in athletics revenue for 2020-21
The coronavirus pandemic is waging war on just about everything in the world, and colleges aren’t exempt.
As it stands right now, the University of Tennessee anticipates a $10.1 million decrease in athletics revenue for the fiscal year of 2020-21 when compared to its budget the previous year, according to the Knox News Sentinel.
The good news is the department’s budget does anticipate a college football season happening, and it anticipates having fans in the stands, too.
The new budget projects $129.5 million in revenues and expenses. The previous fiscal year’s budget projected $139.6 million in revenues and expenses. The decrease in the budget was “due to uncertainty about attendance over the next several months.”
In a recent interview, athletic director Phillip Fulmer said he is still planning for a full Neyland Stadium this season.
“I am confident. I think we’ll play,” Fulmer said. “I don’t think anybody knows exactly yet what that will look like. We’re planning on a full stadium and adjust from there. If we don’t, we’re in trouble … It’s easier to adjust down than adjust up. Hopeful that the trend will turn back down after it’s turned up in our country in places. Bend the curve back down and we can all participate if we want to.”
The next 4 weeks are crucial for college football.