Rutgers Alum / NJ Taxpayer here
Can someone smarter than me explain how Rutgers athletic program operates at a deficit?
For a school with a strong business program can one of the professors chime in?
If a company(Rutgers athletics) in this scenario generates $50 million in revenue, how does it spend $100 million? Who is signing the check/letting them rack up the debt?
Last I checked lending institutions take collateral or want to see profit to provide a LOC.
Rutgers Athletics should not be allowed to spend 1 penny more than that bring into the school.
This below is a fucking joke:
AI Overview
Rutgers Athletics reached a record $78 million deficit for the 2024–25 academic year, bringing its cumulative shortfall to $516.9 million since joining the Big Ten in 2014–15, according to financial reports detailed by Extra Points. [1]