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The financial picture: Where UGA stands vs. other SEC schools By Seth Emerson
SavageDawg17
Posts: 1,535 mod
@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
Comments
Great article Seth! Still a lot more that I want to know. But for a site dedicated to football and not business, the article showed an excellent breakdown of what's going on.
And it's crazy McGarity would portray UGA athletics as so much more financially sound than all the other schools. When actually we are making less money on athletics than most of the other schools. Just weird he would say that.
It's possible the other schools have run up so much debt over previous years though, that they are in a bad position financially. They're all public institutions. Weird there's not more known publicly about their financial positions. Kind of makes me think I might be smelling a rat that they're not reporting.
Very interesting article Seth! I thought UGA would be higher on the list.