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January 2012, Sports Business
Gophers Headed to Self Sustaining Financial Status
The University of Minnesota has decreased the amount of its direct subsidy to athletics over the last 10 years. The University handed its athletics department a $2.3 million subsidy during the 2011 fiscal year to run its direct operations, a 20-percent decline from the 2010 subsidy,
“The agreement with the University when Maturi came in was that athletics would cut its reliance on central support,” Elizabeth Eull, former associate AD in charge of finance, said. “But it has really been a combination for Gopher athletics that there was a planned reduction, then the state money started to get drawn back and the entire University needed to cut back, including athletics.”
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