Athletic Department Tops $200 Million in Revenue in FY2023

[Mavric]

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The report, obtained via a record request, reveals Nebraska generated $204,831,356 in revenue between July 1, 2022 and June 30, 2023. NU typically submits the report in December and provides copies in mid-January.

 

The FY23 revenue is $61 million more than the $143 million generated in FY22. The majority of that gap, NU officials confirmed Thursday, can be attributed to nearly $61 million in contributions from fans and boosters related to the department’s new $165 million football building, tabbed the Go Big project, that will eventually also house NU athletics’ cafeteria and study spaces.

 

 

[Mavric]

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NU’s football program still generated a massive surplus – just over $50 million – after generating $122,800,311 in revenues and spending $72,796,234. Men’s basketball and volleyball also produced a surplus – the latter by all of $6,572. Thanks to the Volleyball Day Memorial Stadium match – which occurred two months after the end of the reporting period, Husker volleyball will produce a much bigger surplus in the next fiscal year.

 

Though revenue figures nationwide trickle out via media reports, it’s possible NU’s $204 million is among the nation’s top ten revenues for FY23. Last year, according to USA Today, Oklahoma finished 10th – at $177 million – among public schools required to release their information. Nebraska did not finish in the top 25 nationally or the top half of the Big Ten.

[TGHusker]

2 hours ago, Mavric said:

NU’s football program still generated a massive surplus – just over $50 million

I guess that covers the Frost, MR, Bo buyouts 

[Crusader Husker]

That my friend is a lot of money.  It does seem like some of it is earmarked to the new athletic center?

[DefenderAO]

How much did Frost expense in alcohol for CY '22?