Report: Cal Athletics Turned a Profit in 2020 – Kind of

Accounting can present facts in many ways to create a variety of impressions.

Despite the obvious financial hardships presented by the pandemic, Cal’s sports department reported a profit of $ 3.2 million in 2020 in its latest financial report, according to a report by Jon Wilner of the San Jose Mercury. News.

How is it possible?

Well, the university has provided $ 25.1 million in direct institutional support to the Bears sports program, which the Mercury says News ratio, “represents a six-fold increase from the average for the previous five years.”

Cal should be commended for being proactive in providing assistance to a department that was clearly going to face financial deficits without football and basketball fans. games and, for a long time, the uncertainty as to whether television revenues would be available. It also demonstrates support for athletics that was not …

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