Ohio State is projecting a massive decline in athletics revenue for the 2020-21 academic year after the fall sports seasons were canceled by the Big Ten. According to the agenda for the Board of Trustees’ Audit, Compliance and Finance Committee meeting this week, the university is anticipating a $130.3 million decline in projected revenue for the 2020 fiscal year “due to the cancelled fall athletics season and related ticket, media, conference, and game guarantee revenue.” The details of the projected losses are broken down on pages 10 and 36 of the report. The university uses this meeting to set their financial plan for the 2021 fiscal year. Athletics revenue is declining $130.3 million over the 2020 fiscal year due to the cancelled fall athletics season and related ticket, media, conference, and game guarantee revenue. The projected loss of revenue assumes that the fall sports would not be rescheduled in the winter…
Continue Reading: Ohio State Projecting 0 Million Decline in Athletics Revenue
