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Survey: Athletic directors bracing for financial crisis

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www.clickorlando.com

Athletic directors at the nation's biggest schools are bracing for a potential financial crisis related to the coronavirus pandemic.

According to a survey conducted by LEAD1, an association of athletic directors from 130 major college football schools, 63% expect a worst-case scenario in which their revenues decrease by at least 20% during the 2020-21 school year.

Even an abbreviated football season could cause schools to lose that much, according to the data released Thursday. LEAD1 and TeamWorks, a company that created an app designed to help keep teams and athletic departments connected, released the survey of more than 100 ADs from schools in Division I's Football Bowl Subdivision. “The State of Athletics in the Face of the Coronavirus”

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