UNC To Pay Duke For $25,000 In Damages Plank Discusses His Relationship With Alma Mater Brandon Got Fundraising Job Done At Michigan New Fresno State AD Lays Out Agenda Ohio State Topping Michigan In CFB Attendance Swofford Pushing For Eight-Team Playoff Top FBS Coach Salaries Doubled Since '06 Arizona State To Add D-I Men's Ice Hockey Clemson Wants Student Input On Athletics Fees UNC-Charlotte Football Attendance Decreasing
SBD/June 20, 2014/Colleges
West Virginia Could Break Even For Current FY Just Two Years After Joining Big 12
Published June 20, 2014
MICHIGAN PROJECTING A SURPLUS: Michigan AD Dave Brandon said the athletic department goes into the '14-15 season in "stable and sustainable" financial health. In Detroit, Anthony Fenech reports Brandon presented the Board of Regents a '14-15 budget of $151M, and he "projected an operating surplus" of $5.1M. He said that the surplus will "be invested in facility improvement plans." Brandon added that ticket revenues "fall in line with those of the previous year, but are down roughly" $2M, most notably because of the football team's "light home schedule this fall." Fenech notes this year's home slate of seven games "doesn't include any of U-M's traditional rivals, with its Oct. 11 game against Penn State the home highlight." Still, Brandon "doesn't foresee any issues with filing Michigan Stadium for those seven games." Asked if it is possible that attendance could drop below 100,000 for any of those seven games, Brandon said, "No, I don't think it's a realistic possibility." Meanwhile, Brandon "did not disclose contract information for the Champions Cup soccer game between Manchester United and Real Madrid at Michigan Stadium on Aug. 2" (DETROIT FREE PRESS, 6/20).