Brie Blevins

2 months ago | thelantern.com | Brie Blevins

Despite recent major wins — including this year’s College Football Playoff National Championship title — the Ohio State Department of Athletics has recorded net losses, a recent report to the National Collegiate Athletic Association shows. In a membership report for the 2024 fiscal year released Monday, the department upheld its status as one of the largest collegiate football programs in the country, revealing its total operating revenue was valued at nearly $255 million. This marked a notable decrease from the record-high $279 million figure reported in the 2023 fiscal year report. The department lost money in the 2024 fiscal year, amassing over $292 million in expenses — a considerable increase from the nearly $275 million spent in 2023, resulting in a budget deficit of nearly $38 million.