This basically has nothing to do with finances and is pretty much the guise they've been using for years to attack UAB's football program and try to get rid of it. It's all a tired, old joke really. They'll likely try to pull some garbage about what percentage of our total budget is subsidized.
http://www.usatoday.com/sports/college/s.../finances/
Here's just a few programs that subsidize higher percentage of their athletic budget than UAB does: Georgia State, James Madison, South Alabama, FIU, Kent State, Ball State, Akron, ODU, MTSU, Jacksonville State, VCU, San Jose State, Miami OH, FAU, NIU, Ohio, Troy, Air Force, New Mexico State, East Mich, West Mich, UMASS. Not to mention that nearly every school in the G5 subsidizes 40%+ of their budget.
Here's just a few programs that subsidize in raw numbers more money than UAB does: Rutgers, UNLV, ODU, Houston, Air Force, UMASS, UCF, Georgia State, EMU, Buffalo, FIU, Memphis, Uconn, VCU, and about 30 more FBS schools.
If the Alabama BOT was running all of athletics, none of these schools would have athletic programs. They are amazingly corrupt.