The Michigan Wolverines lost a shocking amount of money last year.
According to the Detroit Free Press, the Wolverines reported $101,236,069 in revenue and the program had $148,862,376 in expenses for the 2021 fiscal year. (RELATED: David Hookstead Is The True King In The North When It Comes To College Football)
That means the program is in a $47.6 million hole!
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In case you’re wondering how much some programs are struggling since the start of the COVID-19 pandemic, this should tell you everything you need to know.
Michigan is one of the biggest athletic departments in the country and they still can’t break even. That’s a bad look.
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If a program like Michigan is struggling this much to make money, imagine how much smaller programs must be struggling.
The good news for the Wolverines and every other team in America is that stadiums are packed again and we’re playing sports at a pretty normal rate.
That means Michigan should bounce back sooner than later. Playing in empty stadiums hammered the finances of a lot of schools, but those days are behind us.
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For the sake of the B1G, I hope the Wolverines don’t struggle for too much longer.