The University of Missouri athletic department operated at a loss for the second consecutive year during its recently completed fiscal year.
The department brought in more than $97 million but spent more than $102 million for the year completed June 30, according to data compiled by USA Today.
That made MU the only program among the 13 public universities in the Southeastern Conference to post an operating loss for the year. (Financials were not available for Vanderbilt, the league’s only private university.)
Jim Sterk, MU’s athletic director, had forecasted an operating loss for the year in March, The Kansas City Star reports. Sterk pointed to a decline in ticket sales and rising fixed expenses for the loss, The Star reports, but said he’s hopeful the department can get out of the red in the new fiscal year.
Despite ranking last among the SEC’s public schools for athletics revenue, MU still ranked 32nd out of 230 public NCAA Division I schools nationally.