by Paul Gatling (pgatling@nwabj.com)

The University of Arkansas athletics department set a record in operating revenue in the 2023 fiscal year by generating $167.3 million.

The UA reported $166.5 million in athletic department expenses — also an all-time high — for an operating surplus of less than $1 million.

The figures are from the university’s annual financial report to the NCAA. Fort Smith-based Landmark PLC conducts the annual audit. The 2023 fiscal year began July 1, 2022, and ended June 30, 2023.

The athletics department’s revenues continue a rapid climb. The UA reported $152.51 million in revenue in FY 2022, and $132.2 in FY 2021 revenue. Expenses are also skyrocketing. In the past two fiscal years, the department’s spending totaled $144.3 million (FY 2022) and $111.5 million (FY 2021).

Razorback athletics revenue up nearly 10% in FY2023 to $167.3M

by Paul Gatling (pgatling@nwabj.com)

The University of Alabama athletics department was the Southeastern Conference revenue king in fiscal year 2022.

The Crimson Tide’s revenue of $214.36 million in the 12 months from July 1, 2021, to June 30, 2022, ranked first among the league’s 13 public universities. $130.9 million of Alabama’s revenue, or 61%, came from the school’s football program.

The Northwest Arkansas Business Journal compiled the data through public records requests. The research does not include private schools that are not subject to public records laws. Vanderbilt University, a private school, is the only SEC school not included.

https://talkbusiness.net/2023/02/arkansas-9th-in-sec-athletics-revenue-in-fiscal-year-2022/