It's not that simple for VT. We are profitable as an athletic dept
We are #18 among all FBS schools in terms of actual profit for athletics (for the schools where they have data). I found a very interesting website (linked below) "that tracks the official balance sheets of public Football Bowl Subdivision university athletic departments". And according to this, in 2020-2021 VT had $90m in overall revenue and $85m in expense for a total profit of $4.7m.
What that means for VT is that we are in the black. We don't lose money each year. So it is a very big risk for us to try something that add a lot of debt and puts us in the red.
Everyone just looks at the revenue and forgets about the expense side. VT is running a good business financially. That's a hard thing to risk for no guarantee of additional profit or additional wins on the field.
Thread Replies (18)
Don’t care about Domers…
-- HOKIEGOBBLE
Jul 15, 2022 at 02:02 PM ET
HOKIEGOBBLE
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07/15/22 02:02 PM ET
When the Conference expanded in 2003, 3 teams were in the top 10 FSU, U, VT
-- Stech
Jul 15, 2022 at 08:43 PM ET
Stech
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07/15/22 08:43 PM ET
Actually, it's going to interesting to see if Clemson can get back there.
-- Atlee Hokie
Jul 15, 2022 at 09:38 PM ET
Atlee Hokie
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07/15/22 09:38 PM ET
I don’t think the pac10 cares about us
-- Maroon Effect
Jul 15, 2022 at 07:26 PM ET
Maroon Effect
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07/15/22 07:26 PM ET
We didn't want anything to do with bowl games in 1953. That's a big
-- IB4TECH
Jul 15, 2022 at 04:05 PM ET
IB4TECH
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07/15/22 04:05 PM ET
Didn’t realize they asked us in.
-- HOKIEGOBBLE
Jul 15, 2022 at 07:10 PM ET
HOKIEGOBBLE
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07/15/22 07:10 PM ET
They did not want us in.
-- Atlee Hokie
Jul 15, 2022 at 09:47 PM ET
Atlee Hokie
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07/15/22 09:47 PM ET
And they met in hidden clandestine mtg at greensboro country club
-- Mercury
Jul 16, 2022 at 05:19 AM ET
Mercury
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07/16/22 05:19 AM ET
It's not that simple for VT. We are profitable as an athletic dept
◄
-- HokieAl
Jul 15, 2022 at 03:13 PM ET
HokieAl
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07/15/22 03:13 PM ET
Interesting site. Thanks. Note UM and Rutgers lost a combined 65 mil or
-- HboroughHokie
Jul 15, 2022 at 07:10 PM ET
HboroughHokie
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07/15/22 07:10 PM ET
B1G made them wait until this new agreement to get full share.
-- HOO86
Jul 17, 2022 at 12:29 AM ET
HOO86
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07/17/22 12:29 AM ET
Their ADs would make great politicians. TIC**
-- MP4VT2004
Jul 15, 2022 at 09:43 PM ET
MP4VT2004
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07/15/22 09:43 PM ET
$5M would pay for lazy rivers. We would be a national champion if we just r
-- LocalExperts
Jul 15, 2022 at 05:15 PM ET
LocalExperts
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07/15/22 05:15 PM ET
Link since it doesn't show as posting correctly for me
-- HokieAl
Jul 15, 2022 at 03:14 PM ET
HokieAl
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07/15/22 03:14 PM ET
Impressive info. Thanks again.
-- HOKIEGOBBLE
Jul 15, 2022 at 06:48 PM ET
HOKIEGOBBLE
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07/15/22 06:48 PM ET
For a laugh, take a look at the last 3 years for UCLA ...**
-- MaryWashGrad
Jul 15, 2022 at 05:19 PM ET
MaryWashGrad
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07/15/22 05:19 PM ET
Looks like they needed SEC just as
-- HOKIEGOBBLE
Jul 15, 2022 at 06:49 PM ET
HOKIEGOBBLE
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07/15/22 06:49 PM ET