Texas Tops College Football With 75% Operating Profit

The football team of the University of Texas at Austin generated the biggest operating profit with $70.1 million in fiscal 2010, based on data compiled by Bloomberg. That was almost 75 percent of operating revenue, and the total was a third more than the University of Georgia, which ranked No. 2. UT-Austin's football profit was four times the average for the 53 state schools in the Atlantic Coast, Big East, Big 10, Big 12, Pac-12 and Southeast Conferences. Football is the most profitable college sport, according to the National Collegiate Athletic Association. Operating profit doesn't include subsidy from the state, the university's general fund or student fees. Financial data was acquired by filing open records requests with each of the schools for the financial documents they send to the NCAA. The data were for the fiscal years ending 2010. Audited financial reports for fiscal 2011 won't be available until January.

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