BLOG — Ole Miss’ new Atheltics Director Ross Bjork seems to have more on his plate than we might have all first thought. According to Department of Education data that was compiled by BusinessofCollgeSports.com, Ole Miss is the only school in the Southeastern Conference that failed to generate a positive net income in 2010-11. Only 48 athletics departments in BCS automatic qualifier conferences generated a positive net income this past year.
The website outlines how it was able to figure up what schools made a “profit” by subtracting expenses from revenues. This was done for all public and private universities across the country. Tops on the list was Alabama, which according to the report, brought in a net income of $31.6 million during the 2010-11 academic year. Arkansas was the second most profitable school with a plus of $11.285 million.
Following Arkansas was LSU, Florida and Georgia. Mississippi State ranked 18th on the list with a net income of $6.3 million. The least profitable SEC school that made the list was Tennessee with $14,447. New SEC members Texas A&M and Missouri also made the list as schools in the black.
For a full report of the data, click here. (March 27, 2012)