University of Tennessee athletic department has 3.98 million deficit

Source: orlandosentinel Posted By: Len W...4499 days ago

A broke SEC football program? I think I just saw a unicorn.

The University of Tennessee is reporting a $3.98 million deficit for the year. According to the school's website, "the department, which receives no public dollars from the state of Tennessee, took in $106,485,376 in revenues against an expense total of $110,466,652 during the last fiscal year." (tip Big Lead)

UT was forced to dip into its reserve fund to cover expenses. But the school amassed $200 million in debt for construction....

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