We wondered how the 2020 COVID year would affect Power 5 revenues. Now we know the answer.
The ACC and SEC’s decision to play nearly full football season resulted in revenue increases for those conferences via this article from USAToday.
From that piece….
The ACC also ended up joining the SEC as the only Power Five conferences to show revenue increases for the corresponding 2021 fiscal year, new federal tax records show.
The Big 12, Big Ten and Pac-12 were more conservative and, in some cases, unlucky in their efforts to stage football games — and they ended up with respective revenue downturns of $53 million, $89 million and $190 million.
The Pac-12 took a whopping near 14 million drop of $19.8 Million in 2021 from $33.6 Million in 2020.
There’s still plenty for the ACC to look at in the future revenue-wise, but financially the decision to play football in 2020 was the right one.
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