College Football’s Top Teams Are Built on Crippling Debt

Bloomberg News recently featured a series of articles, “College Football’s Financial Woes,” which investigates the costs and benefits of fielding an NCAA Division I college football team. The series includes a feature article about the high level of debt and debt service among many athletic departments due to football stadium construction and enhancements. Data from the Knight Commission’s Athletic and Academic Spending Database for NCAA Division I is highlighted.

“Leaders need to be very careful that long-term expenses and commitments cannot, and should not, be balanced on the assumption that these traditional media rights deals will hold up,” said Karen Weaver, a sports-management professor at Drexel University and specialist in college media rights.

For the full article, CLICK HERE.