Colorado athletics recorded nearly $9.9 million deficit for 2023 fiscal year

Lower than expected distribution from the Pac-12 Conference and the cost of a coaching change in football contributed to the University of Colorado athletics department recording a deficit of nearly $9.9 million for the 2023 fiscal year. CU also recorded record numbers for operating expenses and revenue and a dramatic increase in direct institutional support. In the recently published NCAA financial report for the 2023 fiscal year, CU showed a net loss of $9,086,178. The NCAA report includes some accounting differences due to definitions of certain revenues and expenses that they include which differ from CU’s actual budget. According to […]

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