Yesterday’s post about SEC revenue figures for 2008 generated some discussion in the comments about the numbers put up by Georgia’s athletic department and what Georgia’s relative standing in the conference for income production might mean.
Today’s Athens Banner-Herald has an article about the numbers that are anticipated for 2009.
The athletic association expects to rake in about $85 million this year, mainly from its football team, while paying out about $70 million in operating expenses, according to financial documents it released this month.
That’s about a $10 million swing to the good from 2008’s numbers. That’s not too shabby for a recession year.
5 responses to ““People aren’t giving up their seats.””
Check the comments on that article. Good Lord. There are some misguided and bitter folks in Athens. Hey bitter commenters – I upped my donation. Up yours!
What we have here is a patter familius type situation senator…
The numbers from the football and basketball programs appear solid. UGA is even with or ahead of all the other top teams in the SEC with those programs. That is not where the problem appears. The problem is with the “other income” that makes up the difference between football/basketball gross revenue and total gross revenue. It appears that when all sources of revenue are being considered (advertising, licensing,etc.) there is a shortfall for UGA of many millions of dollars compared to other top SEC schools such as FLA, Bama, LSU, Auburn,etc. All you have to do is compare the gross revenues on the chart the Senator linked for “2008’s numbers” to see it. Those of you in blogland who are accountants take a look.
The net numbers for UGA look much better than the gross. And that’s the most important thing.