KU Athletics Faces Billions in Debt and Big Upgrades
Kansas Athletics Inc. saw revenues rise 68 percent from 2006 to 2017, while expenses grew 93 percent. The Journal-World reports a $350 million facilities plan tied to a funding mix, debt, and donor pressures, with 2017 showing a cash deficit and a complex long term debt picture across Rock Chalk Park and program improvements.
MENTIONED IN THIS ARTICLE
Kansas Athletics Inc
Walmart
McDonald’s
Exxon
Kansas Athletics’ Ledger
Kansas Athletics
Murray Sperber
America
Sperber
University of California-Berkeley
Journal-World
Sheahon Zenger
The
Kansas
Zenger
David Ridpath
Ohio University
Rock Chalk Park
Lawrence
Bloomberg
Kansas State University
KSU
K-State
Kansas Athletics report contrasts audited and NCAA finances
Kansas Athletics uses two financial reports. The audited statements show unrestricted assets down about 117 thousand in 2017 while total assets rise 1.2 million. cash declines by 1.4 million. The NCAA report shows lower revenues and expenses but notes higher expense growth than revenue since 2006.
MENTIONED IN THIS ARTICLE
Big 12
Kansas Athletics
NCAA
Kansas Athletics Inc
KU Endowment
KU Endowment Association
Journal- World
KU facility push shows deepest college athletics money game
The Journal-World examines KU’s $350 million facilities plan focused on football and how TV revenue struggles fail to match rising sports costs. The May 6 piece surveys football program declines and the wider pressure on the athletic department.
MENTIONED IN THIS ARTICLE
Journal-World
Kansas Athletics reliance on donors fuels operating deficits
KU faces a persistent operating gap funded by donors rather than gate receipts. In 2017 the athletic department ran a 19 million dollar operating deficit, down from 14 million in 2016, despite TV money and ticket sales. Experts warn building big facilities may not drive wins or revenues.
MENTIONED IN THIS ARTICLE
Kansas Athletics
Ridpath
Sperber
Berkeley
Kansas
NFL
Zenger
Bernadette Gray-Little
Lawrence Journal World Publisher Contact Info
The Lawrence Journal World provides contact details including address at 645 New Hampshire St News Center Lawrence Kansas 66044 and phone numbers 785 843 1000 and 800 578 8748 plus social media handles Facebook and Twitter.
MENTIONED IN THIS ARTICLE
New Hampshire St
Lawrence
Ogden Newspapers of Kansas LLC
Lawrence Journal-World
P.O
Grace and Patrick Hallinan Welcome Baby Boy Friday
Tim and Tina Gatton of Tonganoxie welcomed a girl on Saturday. The Turpin family also reports the new arrival in Lawrence.
MENTIONED IN THIS ARTICLE
Grace
Patrick Hallinan
Lawrence
Tim and
Tina Gatton
Tonganoxie
Journal-World Corrects Policy and Contact Details
The Journal-World states it corrects significant errors brought to editors' attention. Readers are guided to call 785-832-7154 or email news ljworld com to report corrections.
MENTIONED IN THIS ARTICLE
Journal-World
Ljworld.com
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Power 5
Ohio
Liworld.com
Scott Stanford
Ljworld
Chad Lawhorn
Clawhorn
Kim Callahan
Kcallahan
Tom Keegan
Tkeegan
Kathleen Johnson
Kjohnson
Orjworld.com
Ijworld.com
University of Kansas
Kan
Alliance For Audited Media
Associated Press
Facebook.com
Twitter
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