Menu
Colleges

Georgia athletics' FY '21 operating surplus is tops in U.S. by wide margin

Report covers an academic year when Georgia had just three home football games and played 10 games total after one was canceledKareem Elgazzar/Cincinnati Enquirer

Univ. of Georgia athletics reported an operating surplus from FY '21 of $45,341,763, "more than double any other department nationally," according to Marc Weiszer of the ATHENS BANNER-HERALD. The school listed $169,064,656 in "operating revenue" and $122,722,893 in "operating expenses" from July 1, 2020-June 30, 2021. The school views its "true surplus" at around $5M "based on the way it says the report is constructed compared to how Georgia accounts for revenues and expenses." Georgia said that about $17M the school "spent on capital projects like its new football operations center is not counted as an operating expense." UGA added that $15.9M in interest income from investments is "also reported as a revenue," and $4.6M in "contributions to the university from athletics is also not counted as an expense." But the department chose not to account for $3.2M in student fees as an excess transfer to the school, "which would have reduced the surplus." Another $3.1M went to "deferred facility maintenance" and $5.7M into "reserves." The report covers an academic year when Georgia "had just three home football games and played 10 games total (one was canceled) including the Peach Bowl." The operating surplus was more than $5.8M larger than the previous FY, with $10.2M less in revenue than a year earlier and $16M less in expenses "during a school year in which the last three and a half months were affected by the pandemic causing sports seasons to come to a halt" (ATHENS BANNER-HERALD, 5/20).

SBJ Morning Buzzcast: August 9, 2022

The end of the Bowlen era in Denver; Big Ten media deal close? Also, Jake Paul's venture in sports betting and Eck's walk-off.

SBJ I Factor: Jed York

SBJ I Factor: Jed York, presented by Allied Sports SBJ I Factor presented by Allied Sports features an interview with San Francisco 49ers CEO Jed York. York is in his 17th year with the organization and his 12th as CEO. He is a two-time SBJ Forty Under 40 honoree as a member of the classes of 2012 and 2013. York talks with SBJ’s Abe Madkour about what he learned from growing up in the sports business, working in multiple departments at the team, the challenges of building Levi’s Stadium, and how his leadership style has evolved through the years. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards, such as Forty Under 40, Game Changers and others.

SBJ Spotlight: Warner Bros. Discovery

CNBC media reporter Alex Sherman joins SBJ’s John Ourand to discuss Warner Bros. Discovery’s streaming strategy. The two talk about the company’s interest in sports rights, with Sherman noting that the company is in a cost-cutting mode, which is one reason why it has not been active in media rights negotiations over the past several months.

Shareable URL copied to clipboard!

https://sbjcd01.centralus.cloudapp.azure.com/Daily/Issues/2022/05/20/Colleges/Georgia.aspx

Sorry, something went wrong with the copy but here is the link for you.

https://sbjcd01.centralus.cloudapp.azure.com/Daily/Issues/2022/05/20/Colleges/Georgia.aspx

CLOSE
;