Wednesday, January 18, 2006

Wonder if they will share?

What does it mean when a division of a state-supported institution of higher learning speaks of making a “profit”?

Washington Business Journal
January 13, 2006

U of Md. sports program scores $46M in revenue
Josh Drobnyk
Staff Reporter

The University of Maryland's athletic programs at College Park generated a record $46 million in revenue last school year.

The College Park campus produced more than twice the revenue of any other college athletic programs in the area, according to recent data from the U.S. Department of Education.

The District's two largest universities ranked second and third among the area's top revenue-generating schools. Georgetown University recorded $18.9 million during the 2004-2005 school year, and The George Washington University reported $16.9 million.

George Mason University, the largest public school in Virginia, rang up $10.1 million in revenue.

American University in D.C. posted $8.6 million in revenue.

Only two of the five schools had revenues that exceeded expenses, turning a "profit" from their athletic departments.

George Washington posted $1.5 million in profit for the 2004-2005 school year, and George Mason posted $250,000.

All of the area's programs pale in comparison to the results from the University of Virginia in Charlottesville, which produced $62 million in revenue, pulling in nearly

$5 million in profit.

Driving revenue -- and expenses -- at Maryland were its men's basketball and football programs, which brought in a combined $19.6 million. The basketball program alone produced a nearly $7 million profit.


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