Quote:
Originally Posted by Mizzou B-ball fan
Even with that revenue, the A&M athletic program is currently $16M in the red.
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That's not exactly correct. They have $16M in debt, which they service every year. So, yes, they have debt, but they are not operating at a deficit (or at least a very large one). Most schools have debt on the books in various forms--bonds they've sold to finance stadium projects or flat out loans. Very different from operating at a deficit.