@sethemerson wrote:
DESTIN, Fla. — UGA athletics ranked in the lower half of the SEC in revenue, expenses and profit margin during the 2015-16 school year, according to a report.
Here are a few takeaways from Georgia’s perspective:
Georgia ranks ninth in the SEC in both revenue ($124.66 million) and expenses ($115.5 million). The schools that Georgia had more revenues than were South Carolina ($122 million), Ole Miss ($110 million), Missouri ($97 million) and Mississippi State (94.9 million). The schools that UGA spent more than were Arkansas ($105.5 million), Ole Miss ($97 million), Mississippi State ($84.7 million) and Missouri ($81 million.)
The idea that UGA is one of the few financially solvent athletic departments out there isn’t backed up by these numbers, at least. Every school showed a profit that school year, with the lowest profit margin being $4.9 million, by Kentucky. Georgia’s profit margin of $9.1 million was the third-lowest. Texas A&M has a profit margin of $57.2 million, way ahead of the second team in that category, Florida at $20.1 million.
Baseball was a major focus of The Advocate story. And once again UGA was among the lowest in the SEC in revenue and expenses, with expenses just under $3 million, lower than all schools except Missouri, and revenue of well under $1 million, lower than all schools other than Kentucky and Missouri.
As for updated figures for UGA, the projected budget (approved expenses based on projected revenue) for the current school year was $123,049,705. The projected budget for the 2017-18 school year was set last month at $127,590,041.
Read the full story here on DawgNation - https://www.dawgnation.com/football/financial-picture-ugs-stands-vs-other-sec-schools
