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> Sports alone are generally close to self funding do the funds come from students fees?
by foolinaround 5y ago
> Sports alone are generally close to self funding
do the funds come from students fees?
- Retric 5y agoFor major sports it’s mostly donations, game tickets, TV broadcast rights, concession stands, merchandise, etc. As an example Virginia Tech football tickets are start at ~500$/season breaks down as 8$/game fee + 400 base price + variable required donation and can go up well over 2k a season for the better seats. It’s a 35,000 seat stadium that’s largely full so your talking a minimum of 20+ million in annual ticket sales just for Football. By comparison VT has 39,000 students and the athletic fee is 163$ + a recreational Sports Fee of 163$, together it’s 5% of tuition. Which collectively adds up to a similar scale as just one sports ticket sales, but covers general facilities used by any student. Looking across all sports and revenue streams the recreational sports fee clearly isn’t the major funding source and as football etc contribute indirectly to the schools general fund their clearly close to break even if not a significant money maker. https://www.bursar.vt.edu/content/dam/bursar_vt_edu/tuition/2020-2021tuitionfees.pdf https://www.bursar.vt.edu/content/dam/bursar_vt_edu/tuition/... https://hokiesports.evenue.net/cgi-bin/ncommerce3/SEGetEventList?groupCode=FST&linkID=vtech&shopperContext=&caller=&appCode= https://hokiesports.evenue.net/cgi-bin/ncommerce3/SEGetEvent...