subsidized by football and basketball, the futures of which are both in peril themselves. As of mid-August, the Big Ten and the Pac-12, where Stanford is based, have canceled fall sports.
Studies say if the Power Five conferences all scrub football , it could lead to $4 billion in losses, or an average of $62 million per school.In an extensively detailed letter and list of frequently asked questions sent to the Stanford community, the school president and provost, along with athletic director Bernard Muir, detailed a financial picture that had been crumbling even before the crisis.