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 …
Sport News Highlights
- Headline: Report: Cal Athletics Turned a Profit in 2020 – Kind of
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