LSU's athletic department says it expects to lose $80 million in revenue due to the impact of COVID-19 and is laying off employees and reducing salaries of others.
Here's their revenue from the previous year:
I don't understand where the $80m is coming from - I assume the $40m from ticket sales are gone, but I'm not sure where the other $40m comes from... maybe a combination of lost donations, lost TV revenue, and an increase in cost?
Regardless, pretty scary to see an Athletic Department lose ~60% of their revenue
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