Missouri athletics returning annual subsidy
Tue, 24 Nov 2009 23:02:42 GMT —
COLUMBIA, Mo. (AP) -- Growing profits from college athletics could mean more money for the rest of the University of Missouri's cash-strapped Columbia campus.
The school's athletics department will gradually return its annual $1.5 million subsidy for debt service back to the overall campus budget over the next several years.
NCAA research shows Missouri among just 25 major-college sports programs to turn a profit in the 2008 fiscal year. Tiger athletics generated $1.4 million in profit that year, and $2 million in the 2009 fiscal year.