Jul 19, 2022; Atlanta, GA, USA; The Alabama helmet on the stage during the SEC Media Days at the College Football Hall of Fame. Mandatory Credit: Dale Zanine-USA TODAY Sports
Alabama has released its annual NCAA financial report, and the Crimson Tide operated at an $18.5 million surplus during the 2022 fiscal year.
However, the report was obtained by The Tuscaloosa News, and it reported that Alabama said that a “significant portion of that profit” will be used toward financing existing debt from projects already completed. Alabama had total operating revenues of $214.37 million and operating expenses of $195.88 million during the fiscal year that spanned July 1, 2021 through June 30, 2022.
In terms of football only, Alabama had a net profit of about $52.35 million from July 1, 2021 through June 30, 2022.
Previously, Alabama brought in a $9.6 million in profit during the 2021 fiscal year after the SEC-wide bailout of $23 million. During the 2021 fiscal year, Alabama brought in $179.8 million but had operating expenses of 170.2 million.
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The money Alabama made this year went down the drain into a playoff elimination 2 loss season.
DOUGIE FRE$H FROM ALASKA.COM!
CRAZY TO SEE YOU POSTING ANOTHER HOT TAKE ON A BAMA ARTICLE!
ROLL TIDE TROLL DOUGIE
Rent free Douggie. Saban loves to occupy your small brain bozo. He takes up all the little space there is.
This is Douglas_from_Al.com/fantasyland
I am obsessed with Alabama all my days are down the drain posting on Alabama articles and pretending to be a sports journalist
Maybe they finally paid off Pruitt's recruiting shenanigans from his last stint there and are gearing up for the next batch if he does land back at Bama as DC.