Yes they are revenue numbers, but they are net income which means they are after expenses.
Ohio State 2008 to 2009
Gross Revenues for Football 68.19 million
Minus Expense for Football 32.3 million
Equals Net Income from football 35.89 million
Gross Revnue - Expenses = Net Income
What year was he/she talking about? Perhaps Ohio State expensed out stadium expansion or some other high dollar expense that year. Also perhaps he/she meant the athletic department as a whole; then I would agree with him/her. Overall, I do believe most athletic departments either make no profit or very little as a whole. Have no real way to know this last statement as a fact beyond personal observation of going to games. However, my original reply was direct just at college football.
Last edited by mimartin; 03-28-2011 at 01:11 PM.