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CU, CSU, UNC athletics ran deficits for years

DENVER — A state audit shows the University of Colorado-Boulder, Colorado State University and the University of Northern Colorado spent far more than they earned in athletics from 2013 to 2019. The Colorado Sun reports the state’s three Division I schools spent a total of $170 million and brought in just more than $120 million. The only programs that broke even in 2019 was the CU-Boulder football and men’s basketball teams.
Source: BizWest