Wolverines' Huge Profits Go Back Into Football Program

Crain's Detroit Business:

At $46.8 million, the University of Michigan's football program was the fifth most profitable in Division I college athletics last year, according to a new report.

The rankings were compiled by BusinessofCollegeSports.com for D-1 football and basketball and are for the 2010-11 season, based on data the schools submit annually to the U.S. Department of Education.

The Wolverines had expenses of $23.5 million and revenue of $70.3 million, which was a net gain of 4 percent, or $1.8 million, over the prior year.

Read the whole story: Crain's Detroit Business

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Source: http://www.huffingtonpost.com/2011/12/30/um-football-ranks-fifth-i_n_1176587.html

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