Article State audit reveals UNO Athletic Dept. operating at over $4M in the red! (11 Viewers)

[ndcc]

Since it’s funded by the state of LA, guess who picks up the tab?

University of New Orleans' athletic department faces $4.62M deficit

The University of New Orleans Athletic Department is the latest athletic department facing a million dollar deficit: $4.62 million deficit for fiscal year 2024, as revealed in a recent audit performed by the office of the Louisiana Legislative Auditor.

justthenews.com

 

[Grumpy Old Manatee]

Master P?

 

[guidomerkinsrules]

UNO is reeling on a lot of fronts
(And I think I saw a game fixing scandal for boys bball team)
These are tough times for uno and I’m not sure it survives - which would be quite a shame

 

[sfidc3]

Ugh, my alma mater.....hope they get through this....

 

[tenordas]

The question on anyone's mind should be, "how did the administration allow this?" and/or "why did they think this was an okay thing to do?"

I won't be surprised if we see several administrative people lose their jobs over this. I'm hoping the whole university doesn't go under because of it, where everyone loses their job. That would be a terrible blow to the city. Then again, the tax bill that will result from this is going to be a pretty bad blow to everyone living in New Orleans already.

 

[St. Widge]

The question on anyone's mind should be, "how did the administration allow this?" and/or "why did they think this was an okay thing to do?"

I won't be surprised if we see several administrative people lose their jobs over this. I'm hoping the whole university doesn't go under because of it, where everyone loses their job. That would be a terrible blow to the city. Then again, the tax bill that will result from this is going to be a pretty bad blow to everyone living in New Orleans already.

That tax bill is the consequence of failing to properly fund the school in the first place.

The larger problem is that these things happen when the State refuses to fund higher education. Yes, they shouldn't even be focusing on athletics much less be running $4 million in the red, but they also should be receiving funding that allows them to not vastly cut their teaching staff and a reasonable amount to fun things like athletics. But, they aren't receiving those things because the State of Louisiana, it's Governor and legislature in particular, are too busy fighting culture wars to fund higher education in this state.

 

[guidomerkinsrules]

That tax bill is the consequence of failing to properly fund the school in the first place.

The larger problem is that these things happen when the State refuses to fund higher education. Yes, they shouldn't even be focusing on athletics much less be running $4 million in the red, but they also should be receiving funding that allows them to not vastly cut their teaching staff and a reasonable amount to fun things like athletics. But, they aren't receiving those things because the State of Louisiana, it's Governor and legislature in particular, are too busy fighting culture wars to fund higher education in this state.

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[zeetes]

most schools run their athletics programs at a loss. $4m is high for louisiana, but even lsu had a little less than a $1 million loss for 2024.

tech broke 8 figures.