2008 Woodie Awards
Athletics reports good financial news
Issue date: 10/5/07 Section: Sports
- Page 1 of 1
Both income and expenses are up from the original budget for the Iowa Athletics Department from the original $56 million in the fiscal 2007 budget.
Last fiscal year, total revenues and expenses surpassed $60 million.
"There weren't any big surprises," Athletics Director Gary Barta said at Thursday's Presidential Committee on Athletics meeting.
The department usually initially budgets conservatively, he noted.
For the year, Hawkeye football, wrestling, and men's basketball ticket sales were all up, while women's basketball tickets were down.
In addition, the Big Ten revenue was up by $4 million because of the Big Ten Network, said Mick Walker, an assistant athletics director.
The university has also started a reserve fund for "rainy days" that will set money aside in case of problems with facilities and more.
"It's responsible debt protection," Barta said.
So far this season, he said, season-ticket sales for men's basketball, wrestling, and women's basketball are up by 400, 300, and 200 respectively.
- by Ashton Shurson
Last fiscal year, total revenues and expenses surpassed $60 million.
"There weren't any big surprises," Athletics Director Gary Barta said at Thursday's Presidential Committee on Athletics meeting.
The department usually initially budgets conservatively, he noted.
For the year, Hawkeye football, wrestling, and men's basketball ticket sales were all up, while women's basketball tickets were down.
In addition, the Big Ten revenue was up by $4 million because of the Big Ten Network, said Mick Walker, an assistant athletics director.
The university has also started a reserve fund for "rainy days" that will set money aside in case of problems with facilities and more.
"It's responsible debt protection," Barta said.
So far this season, he said, season-ticket sales for men's basketball, wrestling, and women's basketball are up by 400, 300, and 200 respectively.
- by Ashton Shurson
Viewing Comments 1 - 1 of 1
jamers
posted 10/06/07 @ 12:29 AM CST
Here's some financial news for Barta. Football supports the total program and if this ineptness continues he is going to need the reserve all right. He may need to call in the reserves! $50 a ticket fans are not unreasonable but this pathetic "no big deal" attitude does not even come close to resembling beating FL and LSU. (Continued…)
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