FinanceFortuneabout 2 hours ago
College sports departments chase $40M talent race
7 min read
College athletic departments now face talent costs exceeding $40 million annually, prompting schools like Louisville, Kentucky, North Carolina, and LSU to create nonprofits and LLCs for new revenue. Louisville launched Cardinal Ventures; Virginia Tech received a $75 million gift for Hokie Ventures. Critics question charitable purposes and spending control.
Level
Hype check
Tap to vote and see what everyone thinks.
Summary by ByteBrief
