COLUMBUS, Ohio — Ohio State athletics operated at a loss for fiscal year 2018-19 — though not as large as the one reflected in its annual Equity in Athletics Disclosure Act report to the NCAA. Ohio State’s internal financial statements showed income of $210.3 million and expenses of $210.9 million for the period running July, 1, 2018 through June 30, 2019. That resulted in a deficit of about $600,000 — an uncommon but not outrageous result for OSU and one covered by the athletic department’s reserves. On the EADA report, Ohio State recorded income of $210.5 million and expenses of $220.5 million. However, OSU said that does not include $10.4 million in revenue from Buckeye Club donations and other gifts related to debt service and capital projects. The money spent on projects such as the Covelli-Jennings Center, the Schumaker Student Athlete Development Complex and the Woody Hayes Athletic Center renovation…
Continue Reading: Ohio State athletics lost money in 2018-19: How much? Why two reports show different numbers
