Friday, June 4, 2010

Georgia Tech 4th Most Profitable ACC Basketball Program, Duke Loses $2 Million? It’s All In The Accounting.

One place that should come as no surprise is North Carolina leading the conference with $12 Million of profit for the 2009-2010 season.

Georgia Tech with a relatively small arena and dwindling fan base was very surprising at 4th place. The Yellow Jackets did not even sell out their ACC slate.

But you would have to be shocked that Duke finished 12th with a $2 Million deficit.

It’s all in the accounting.

“Some schools even make their programs look worse. Duke University, a top seed in this year's NCAA men's basketball tournament, reported the largest loss of any men's basketball program last year after years of annual profits in the $4 million to $5 million range. The school said that was due to a shift in revenue to the non-sport specific classification.”

These are estimates and these numbers originally came out during the 2010 NCAA Tournament before Duke won the national title.

Credit to Blogger So Dear, BC Interruption for the original links

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