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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."
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