I’ve often wondered where college football programs stood on the bottom line.
In data released by Bloomberg, the University of Minnesota’s football program made an operating profit of $14.9 million in 2010.
Its profit margin appears to rank in the bottom half of Big Ten universities surveyed by Bloomberg. Data for Penn State and Northwestern were not included.
(Operating profit doesn’t include subsidy from the state, the university’s general fund or student fees, Bloomberg states.)
Michigan topped the Big Ten with a profit of $44.9 million, followed by Nebraska at $32 million and Iowa at $28 million.
Rutgers and Connecticut lost money.
The news service surveyed 53 football programs.