Friday, November 06, 2009

college athletics in the red

Most of the nation's college athletic departments are still trying to get out of the red zone.

The NCAA's latest report on revenues and expenses, released Tuesday, showed fewer than 25 percent of all Football Bowl Subdivision schools made money in 2007-08, while the remaining 302 schools competing in Division I struggled to break even.

Twenty-five of 119 FBS schools reported overall profits, an increase from 19 in 2006.

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