The conference attributed the $59 million deficit primarily to accounting procedures and the timing of its receipts of certain revenues, compared to the timing of payments.
They distributed ~$52M to each school (excl Texas, Okla who recieved smaller amount to cover application fee).
Should be over $1B in revenue in 2025 after hitting $840M in 2024.
They distributed ~$52M to each school (excl Texas, Okla who recieved smaller amount to cover application fee).
Should be over $1B in revenue in 2025 after hitting $840M in 2024.
SEC reports 2024 fiscal year deficit after expansion payments to Oklahoma, Texas
The Southeastern Conference reported a financial deficit for the 2024 fiscal year after league made expansion-related payments to Oklahoma, Texas.
www.usatoday.com
