OT - VT Athletic Department reports 2.8 million surplus in 2019

VT Athletic Department reports 2.8 million surplus in 2019

A few excerpts:

Virginia Tech's athletic department reported revenue of more than $96.7 million during the 2019 fiscal year, according to the NCAA Membership Financial Report.

That's down from the record $98.4 million it generated in 2018, but the department reported a surplus of funds β€” $2.8 million β€” for a second straight year

Tech's football team reported revenues of $51.7 million with $17.3 million coming from ticket sales, $5 million from contributions and $20.6 million from media rights deals.

Virginia Tech's 22 athletic programs had overall operating expenses of $93.9 million in 2019, a slight increase from the $93.5 million spent in 2018.

Tech basketball reported $11.7 million in revenue (down from $14.2 million in 2018) with a decrease of $1.9 million in expenses.

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