Cal Is F’ed Because Of Its Stupid Stadium Deal

The program ran a $22 million deficit last year, and a new apparel deal and a new naming rights deal for Memorial Stadium’s field will only take small chunks out of that gap… Tensions between Cal’s athletics and academics are nothing new, and this situation isn’t helping… The task force issued a report on its findings this week—you can read it below—and while they did not mention any specific remedies, things look incredibly dire: “Given its magnitude, it is virtually certain that interest expense will exceed IA’s operating income for the foreseeable future no matter what actions are taken regarding program scope in IA.”

Read full article [here].
by Patrick Redford, Deadspin.

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