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UConn loses $40 million in 2018 trying to keep up
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XLance Offline
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UConn loses $40 million in 2018 trying to keep up
UConn athletics lost over $40 million in 2018.

https://www.apnews.com/6d704448c5814814bb325338427ea71b

https://www.newsday.com/news/region-stat...1.26058529

HARTFORD, Conn. - (AP) -- Spending in the athletic division at the University of Connecticut outpaced revenue by more than $40 million in 2018, the school reported Thursday.

In an NCAA financial statement, UConn reported that total generated revenue from sports last year totaled $40.4 million, while expenses came in at $80.9 million.

UConn spokeswoman Stephanie Reitz said the gap is a result of declining conference and media licensing revenue and rising costs.

"It is not sustainable and the Division of Athletics is continually working to identify savings and drive up revenue in order to help close this gap," she said.
01-19-2019 10:48 AM
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UConn loses $40 million in 2018 trying to keep up - XLance - 01-19-2019 10:48 AM



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