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Check Out What the NCAA Has Been Doing With Their Money

by Photo of Andrew Lontos

The NCAA’s financial statements from 2004-2008 have been leaked.

Check Out What the NCAA Has Been Doing With Their Money

In this article…

And now we're passing them along to you. Of note: the bulk of the NCAA's revenue comes through college basketball, particularly March Madness. The NCAA brought home $636.2 million in revenue in 2008, which is one hell of a figure for essentially one month of basketball. $359 million of that went back to Division 1 schools, and nearly $230 million more went to staging championships, competitions, and programs in all three divisions. That left $26 million for the NCAA's "management and general," and another $24 million in profit. You'll see also, that as of 2008, the NCAA had $356 million invested in various financial markets. The NCAA's sitting on a lot of dough.

Head to Deadspin where you can see the documents in full.

And Let CHARGED.fm get you the best seats to see some great college basketball, especially while there's no NBA.

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