Menu
Colleges

Michigan AD Dave Brandon Meets With Faculty In Attempt To Clarify Athletics Financials

Univ. of Michigan AD Dave Brandon on Monday met with faculty and "debunked what he considers 'the greatest myths' about the department," including the assumption athletics "takes some money from the general fund or other university arms," according to Kellie Woodhouse of ANNARBOR.com. Brandon said that the athletic department gives $2M to UM's general fund "annually toward scholarships." He added the department gets "no support from the general fund." While the department averages a $5-10M annual surplus, Brandon said it is actually "an enterprise that struggles to pay for itself" due to a $240M debt load and costly construction projects. Brandon: "It's not a business model that you'd ever invest in." Brandon also "responded to concerns that the department is bogged down in debt" because of the $227M renovation of Michigan Stadium in '10. He acknowledged the renovation is a major part of the athletic department's long-term debt, but said that it is "critical to the school's current revenue model." Woodhouse noted the MU athletic department makes $14M a year after annual debt service, "thanks to the 81 luxury boxes and club seating added in the renovation" (ANNARBOR.com, 5/1).

SBJ Morning Buzzcast: March 25, 2024

NFL meeting preview; MLB's opening week ad effort and remembering Peter Angelos.

Big Get Jay Wright, March Madness is upon us and ESPN locks up CFP

On this week’s pod, our Big Get is CBS Sports college basketball analyst Jay Wright. The NCAA Championship-winning coach shares his insight with SBJ’s Austin Karp on key hoops issues and why being well dressed is an important part of his success. Also on the show, Poynter Institute senior writer Tom Jones shares who he has up and who is down in sports media. Later, SBJ’s Ben Portnoy talks the latest on ESPN’s CFP extension and who CBS, TNT Sports and ESPN need to make deep runs in the men’s and women's NCAA basketball tournaments.

SBJ I Factor: Nana-Yaw Asamoah

SBJ I Factor features an interview with AMB Sports and Entertainment Chief Commercial Office Nana-Yaw Asamoah. Asamoah, who moved over to AMBSE last year after 14 years at the NFL, talks with SBJ’s Ben Fischer about how his role model parents and older sisters pushed him to shrive, how the power of lifelong learning fuels successful people, and why AMBSE was an opportunity he could not pass up. Asamoah is 2021 SBJ Forty Under 40 honoree. SBJ I Factor is a monthly podcast offering interviews with sports executives who have been recipients of one of the magazine’s awards.

Shareable URL copied to clipboard!

https://www.sportsbusinessjournal.com/Daily/Issues/2013/05/02/Colleges/Michigan.aspx

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

https://www.sportsbusinessjournal.com/Daily/Issues/2013/05/02/Colleges/Michigan.aspx

CLOSE