Since our athletic department is seemingly in financial dire straits, let's come up with some options to raise money. I know these threads have been started periodically, but given the current situation and that apparently some folks in the AD scan message boards, it's time to put up.
Charge for the Spring Game. Other schools do this. It's not a deal breaker for anyone committed to traveling to Blacksburg, either. Let people know where the money is going and it will make it a lighter lift. $10 for adults, $5 for kids, $20 to park in Lots 1 and 2.
Conservatively:20k @ $10, 5k @ $5, 2500 @ $20 = $275k
Sell Beer and Seltzers at events. It's a proven model. Revenue numbers at similar schools are >$1M, just for football. Profit could conservatively be $500k, likely much higher on an annualized, dept-wide basis
Ask. Send text alerts 3-4 times a year, after big wins or notable events asking for a $10 donation to the Hokie Club. I know I would say yes. Of the 16k members, if 50% commit to half of them, that's $160k.
So there's what could easily eclipse $1M in recurring revenue.
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