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Inside the budget: Tiger football costs University of Memphis millions each year

Source: 
The Daily Helmsman
Published Date: 
December 2, 2011
URL: 
http://www.dailyhelmsman.com/news/inside-the-budget-1.2723020#.TtkI12Mk5uF

by Chelsea Boozer
University of Memphis

For the past three years, The University of Memphis' football team has lost more money than any other sport.  

In the 2010-2011 academic year, the football team accumulated about $4.6 million in losses. That same year, the basketball team earned about $1.3 million in excess of their expenses.

chart: University of Memphis sports gains/losses, 2009-2011