Guess a lot and you are on target.
Guess that the losses are never likely to end and, sadly, you are also right.
New research overseen by the Chronicle of Higher Education reports that “just 17 of the more than 300 athletics programs in all of Division I,‘about 5 percent’, earned a net profit between 2004 and 2006.”
The probability that Rutgers will ever be in that elite is slim to none. That’s just being realistic. Deluded jock-sniffers whose heads are filled with musty aromas may not be able to see this reality, but it is what it is: Rutgers will continue to lose money pursuing the tawdry dream of sports championships.
Where does the rest of the money come from? From the universities’ general funds of course. That means money is diverted from English and Philosophy to plug up losses incurred in football, basketball, and down the line.
And now we know there is no real end in view. Adding more seats to Rutgers Stadium — aka Mulcahy’s Folly — changes nothing since that increased revenue would be needed to pay off the debts incurred in adding the seats in the first place.
Talk about Idiocracy in action!!