take a look at this.
To me it looks like that on an operational bases, KU athletics operated in the red in FY 2016.
Also note the recognition of a $4 million dollar revenue gain in FY 2015 that centered around KU athletics being forgiven from having to pay a portion of the student rec center renovation bound payment that they agreed to a few years back when Sweet Lew wined and dined the KU Student Senate and got them to push the vote to approve an athletic funding fee.
http://sidearm.sites.s3.amazonaws.c.../2016/11/17/KAI_Audit_Report_2016.pdf?id=6190
To me it looks like that on an operational bases, KU athletics operated in the red in FY 2016.
Also note the recognition of a $4 million dollar revenue gain in FY 2015 that centered around KU athletics being forgiven from having to pay a portion of the student rec center renovation bound payment that they agreed to a few years back when Sweet Lew wined and dined the KU Student Senate and got them to push the vote to approve an athletic funding fee.
http://sidearm.sites.s3.amazonaws.c.../2016/11/17/KAI_Audit_Report_2016.pdf?id=6190
