Menu
Colleges

Texas Tech reports record operating revenue in FY23

The Texas Tech athletic department had $146.8M in operating revenue for FY23, a “record for the department,” according to Don Williams of the LUBBOCK AVALANCHE-JOURNAL. The figure is up from $110.2M in FY22, which was the “first year the Tech athletics budget hit nine figures.” Texas Tech also had an operating surplus of $10.4M. The “biggest reason” for the increase came from contributions the department realized -- $56.25M in FY23 -- a mark that was “nearly double” the $28.75M the year before. Texas Tech Deputy AD Jonathan Botros indicated that FY23 was “an outlier,” though, in that Tech “used contributions received in previous years to pay more short-term debt on facilities projects.” Williams noted the financial report also “shows a jump in ticket sales revenue,” to $18.21M in FY23 from $13.56M the year before. Most of the increase “came in football ticket sales revenue” (LUBBOCK AVALANCHE-JOURNAL, 2/1).
ADDITIONAL SECTIONS
PODCASTS

SBJ Morning Buzzcast: May 8, 2024

Start your morning with Buzzcast with Austin Karp: The NFL sets a date for its 2024 schedule release, while also dropping hints that it could soon approve private equity investment in teams; WNBA teams finally land charter flights; the F1 Miami Grand Prix delivers a record on TV; and Elevate lands in Happy Valley.

Phoenix Mercury/NBC’s Cindy Brunson, NBA Media Deal, Network Upfronts

On this week’s pod, SBJ’s Austin Karp chats with SBJ NBA writer Tom Friend about the pending NBA media Deal. Cindy Brunson of NBC and Phoenix Mercury is our Big Get this week. The sports broadcasting pioneer talks the upcoming WNBA season. Later in the show, SBJ media writer Mollie Cahillane gets us set for the upcoming network upfronts.

SBJ I Factor: Molly Mazzolini

SBJ I Factor features an interview with Molly Mazzolini. Elevate's Senior Operating Advisor – Design + Strategic Alliances chats with SBJ’s Ross Nethery about the power of taking chances. Mazzolini is a member of the SBJ Game Changers Class of 2016. She shares stories of her career including co-founding sports design consultancy Infinite Scale career journey and how a chance encounter while working at a stationery store launched her career in the sports industry. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.
SBJ TV

Sports Media Podcast April 24 Whos Up Whos Down

4 mins

Sports Media Podcast April 17 2024 The Big Get Molly Solomon

5 mins

Sports Media Podcast March 27 2024

29 mins

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Articles/2024/02/02/texas-tech-athletics-revenue-report-fy2023

Sorry, something went wrong with the copy but here is the link for you.

https://www.sportsbusinessjournal.com/Articles/2024/02/02/texas-tech-athletics-revenue-report-fy2023

CLOSE
You have 0 articles remaining this month.

Register for a free SBJ account to unlock one extra article per month.

© 2024 Leaders Group. All rights reserved. The material on this site may not be reproduced, distributed, transmitted, cached or otherwise used, except with the prior written permission of Leaders Group.