Some amazing takeaways from these two economic analyses, which I stumbled upon:
Texas which generates on average almost $50 million a year, has seen incredible sustained growth. In 2003, their profit margin was $34.6 million. In the year 2009? $68.8 million!
Amazingly the state of Alabama is at the top for college football revenue, though the state remains generally poor in GDP/GSP related measures.
Unfortunately, this is the sad truth:
In fact 40 teams averaged a loss in money through football over the 7-year period. It's no wonder that some schools are willing to travel into SEC country year in and year out for a hefty payday even though its [sic] another guaranteed loss.
Women's sports lose money and only men's basketball/football are profitable.
So you could say that NCAA Division I sports are a microcosm of America: a lot of wealth distributed extremely inequitably, but nobody objects because they hope their winning lottery ticket is coming any day, too. Meanwhile, everybody is distracted by televised glam and spectacle and trying to rub elbows with the super rich.
By Vipul Lugade
March 24, 2011 | Matlab Geeks
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