[BostonCard]

http://www.mercurynews.com/2016/09/30/ca...o-be-axed/

A soaring deficit has placed Cal’s athletics program in the university’s cross hairs and prompted the creation of a task force to determine whether the department, which is losing approximately $20 million per year, is sustainable in its current form.
The 30-sport behemoth is caught between the rising costs of major college athletics and the massive debt service it owes on the Memorial Stadium renovation project.
Although the books for the 2016 fiscal year have not been audited, the Bears are projecting a single-year loss of $21.76 million, according to documents obtained by this newspaper.
That’s approximately 15 percent of the universitywide budget deficit of $150 million.
And the projections for 2017 are nearly as dire for the Bears: An $18.8 million deficit.

and the following follow-up

http://www.mercurynews.com/2016/10/04/co...-and-more/

Oh man, things are not looking good financially.  Perhaps we should change the autocorrect to reflect their financial irresponsibility... though their football futility is good fodder too.

BC

[BostonCard]

http://www.mercurynews.com/2016/09/30/ca...o-be-axed/

A soaring deficit has placed Cal’s athletics program in the university’s cross hairs and prompted the creation of a task force to determine whether the department, which is losing approximately $20 million per year, is sustainable in its current form.
The 30-sport behemoth is caught between the rising costs of major college athletics and the massive debt service it owes on the Memorial Stadium renovation project.
Although the books for the 2016 fiscal year have not been audited, the Bears are projecting a single-year loss of $21.76 million, according to documents obtained by this newspaper.
That’s approximately 15 percent of the universitywide budget deficit of $150 million.
And the projections for 2017 are nearly as dire for the Bears: An $18.8 million deficit.

and the following follow-up

http://www.mercurynews.com/2016/10/04/co...-and-more/

Oh man, things are not looking good financially.  Perhaps we should change the autocorrect to reflect their financial irresponsibility... though their football futility is good fodder too.

BC