📡 Alabama athletics 2024 financial report: Tide loses almost $28 million amid coaching transition

[Bama News]

Alabama athletics 2024 financial report: Tide loses almost $28 million amid coaching transition

Alabama released its annual NCAA financial report on Friday afternoon.

247sports.com

The University of Alabama reported a $27.9 million loss for the athletics department during the 2023-2024 fiscal year, according to its annual NCAA financial report released by the school late Friday afternoon.

Total operating revenues were $234 million and total operating expenses were $262 million.

The school noted with the report, in response to a records request by Bama247, that, "The net loss reported for the year was largely due to one-time expenses associated with the football coaching transition."

The latest financial report comes after the athletics department posted a $12 million loss in 2022-23, when it had $199 million in operating revenues and $212 million in expenses. The school noted after last year's deficit was reported that, "$14.3 million in gifts collected during FY23 were excluded from the report because those gifts were not expensed in 2022-23."

 

[RTB X Bot]

 

[Bammerboy321]

We broke

 

[musso]

 

[Bamabww]

Bummer!

 

[50+yeartidefan]

Just some bad bad financial decisions....added to some bad other shit...
Cant operate a college ???? athletic program for 234 million??????
WTF
Make Sports Great Again..... MSGA

 

[BamaFan334]

Should have made and sold more Saban Field and Ryan Williams Yeti cups.

 

[50+yeartidefan]

Should have made and sold more Saban Field and Ryan Williams Yeti cups.

Never saw any ....no body selling. Nobody with any.
Yep. Should have had more for sell

When they removed the vendors from around stadium. A lot of cool things disappeared.

 

[rammerjammer]

I wonder if this is "accounting math", in order to show a loss and have a write off for the taxes.

 

[BamaFan334]

Never saw any ....no body selling. Nobody with any.
Yep. Should have had more for sell

When they removed the vendors from around stadium. A lot of cool things disappeared.

Yeah, I hate that happened. Moved them before my kids could really understand it. Some really cool "one of a kind" stuff.

 

[mando]

Cracks in the foundation??? Get into financial trouble and it will show up on the field quickly.

 

[BamaFan334]

Cracks in the foundation??? Get into financial trouble and it will show up on the field quickly.

Most live in the red. We have just been fortunate due to what Saban brought. It will be a challenge going forward.

 

[50+yeartidefan]

Yeah, I hate that happened. Moved them before my kids could really understand it. Some really cool "one of a kind" stuff.

Ms50+ was pissed. She loved the shopping. Hates Supe Store.

 

[BamaFan334]

Ms50+ was pissed. She loved the shopping. Hates Supe Store.

Yeah, I prefer the more character type GameDay shirts where a local tshirt shop creatively and artistically drew it up and had them printed. You see Shirt Shop and JNJ working more towards those items, but they are all pre-order, so you don't even get the shirt till days or weeks after that game.

 

[TerryP]

I wonder if this is "accounting math", in order to show a loss and have a write off for the taxes.

Most live in the red. We have just been fortunate due to what Saban brought. It will be a challenge going forward.

They've "reported" being in the red the last three years (including this report.) I looked at it more in-depth last year. A lot of the "paid out" monies were to building debts. I can't say about this season, but if it was that way in '22 and '23>