September 23, 2023

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Business is my step

FSU Advert David Coburn presents context on Seminoles’ 2020 NCAA financial report

3 min read
Florida State University Athletic Director David Coburn speaks during a collegiate athletics roundtable held by Gov. Ron DeSantis at the Albert J. Dunlap Athletic Training Facility on the FSU campus Tuesday, August 11, 2020.

Florida State’s annual NCAA Membership Monetary Report, unveiled Wednesday, detailed the dire state of the FSU athletic department’s funds.

Per the report, FSU experienced $155.6 million in complete running fees in the 2020 fiscal yr, up around $5 million from the $150.1 million FSU outlined as its total functioning bills in 2019.

In a lot more troubling information, FSU listed its 2020 fiscal 12 months full functioning revenue as $129.4 million. That is down over $23 million from the $152.7 million FSU designed in complete operating earnings on its 2019 report.

All in all, that led to FSU reporting a deficit of much more than $26 million for the 2020 fiscal yr. However, FSU director of athletics David Coburn informed the Democrat that the report does not convey to the comprehensive tale, leaving out some important context. © All rights reserved. | Newsphere by AF themes.