Thursday, March 3, 2011

Bowled Over Financially

College football teams look forward to going to a bowl game. They see it as a financial windfall for the program and a great way to bolster alumnae loyalty.

It didn't quite work that way for UConn after they went to the Fiesta Bowl on New Year's Day. The school received a $2.5 million payment for their contest against Oklahoma.

However, they reported $4.3 million in expenses, resulting in a $1.8 million loss. Apparently, UConn fans don't like to travel to bowl games. The school was allotted 17,500 tickets, but only sold 2,771. This caused the school to eat almost $3 million in tickets sales.

Maybe next year, the school should say "thanks, but no thanks". By not going to a bowl, they will save money.

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