Audit finds college sports don't fully cover costs - WVVA TV Bluefield Beckley WV News, Weather and Sports

Audit finds college sports don't fully cover costs

RICHMOND, Va. (AP) -- A Virginia legislative study finds that major bowl games and Final Four basketball appearances don't mean marquee collegiate sports programs cover their costs, and mandatory annual student activity fees make up the difference.
The Joint Legislative Audit and Review Commission study of auxiliary enterprises at the state's 15 state-supported four-year colleges found that even big-league athletics programs at Virginia Tech and Virginia rely on student activity fees to make up for shortfalls.
Sports programs at Virginia and Virginia Tech, both in the prestigious Atlantic Coast Conference, came closest to self-sufficiency. UVa's athletics revenues covered 84 percent of its costs in the 2011-12 school year, and Tech covered 89 percent.
Those two schools were the only ones in Virginia whose revenue sports -- football and basketball -- operated in the black.

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