Ohio State’s athletic department reported an operating deficit of $10 million last year, the first time in a decade that the department ended the fiscal year in the red. But university administrators contend that the size of the budget deficit is significantly smaller — a total shortfall of less than $1 million — than what is listed on the report it must annually submit to the NCAA. In its filing with the governing body for college sports, the school showed $210.5 million in total revenues and $220.6 million in operating expenses for the 2019 fiscal year, which runs July 1, 2018, through June 30, 2019. It was a sharp increase in expenses from the previous fiscal year in which it reported a $1.75 million surplus. “There’s no way I would be sitting here with 36 sports if we had a $10 million deficit,” Ohio State athletic director Gene Smith said.…
Continue Reading: Ohio State athletic department lost money despite 0 million in revenue
