Using LSU as an example is worthless. Everyone agrees that there is a very small percentage of college teams and athletic departments that do make money. Southeastern is in Louisiana, how much money does their football team make? My guess is far less than their operating costs. As a public university, that is a government bailout
(And even private colleges recieve a lot of state and federal financial aid along with a lot of other government grants)
Also, why does LSU put its football profits into something like women's basketball? The answer is obviously because President Nixon told them to. But unless the school has nothing but football, basketball and just enough women's teams to comply with Title IX, putting the profits back into more sports that benefit only a coule dozen students, rather than a couple dozen thousand students is still a government bailout
Ohio State has the highest grossing athletic program in the country, over $100 million. The operating costs are also over $100 million. They could easily cut operating costs and turn a far bigger profit and then take less tax money to support the rest of the school. Again, by refusing to do that, the government is bailing out their excess spending
The only difference, though, between the banks and the car companies is that nearly everyone wants the government to bail out these sports programs, while there is a huge mix of opinion on the other things
(And even private colleges recieve a lot of state and federal financial aid along with a lot of other government grants)
Also, why does LSU put its football profits into something like women's basketball? The answer is obviously because President Nixon told them to. But unless the school has nothing but football, basketball and just enough women's teams to comply with Title IX, putting the profits back into more sports that benefit only a coule dozen students, rather than a couple dozen thousand students is still a government bailout
Ohio State has the highest grossing athletic program in the country, over $100 million. The operating costs are also over $100 million. They could easily cut operating costs and turn a far bigger profit and then take less tax money to support the rest of the school. Again, by refusing to do that, the government is bailing out their excess spending
The only difference, though, between the banks and the car companies is that nearly everyone wants the government to bail out these sports programs, while there is a huge mix of opinion on the other things
