CBS Reports: Power 5 AD’s: ‘Inevitable’ 2020 College Football Season will not be played this fall according to 2 Power 5 AD’s — Neither would go on the record due to the sensitivity.
Penn State Athletics is staring at a $100 Million Dollar Loss for 2020 and the ripple effect to Happy Valley is Catastrophic for the State College Business Community.
In 2019, PSU Athletics spent ~$160 Million and at
best showed a profit of ~ $4 Million. That’s in Good Times. The Year of 2020 is a Disaster.
The Snowball effect will mean Layoffs (or worse) at Penn State.
Even if there is Spring Football it’s hard to imagine that football teams would play a 10 game schedule—not to mention that that it would be ~ an 8 Month Long Wait— I hope I’m wrong.
Financially, the State College Community is in dire shape. After COVED, Lockdown, a summer without all sports and activities, Arts Festivals, Sports Camps, Fairs and many other events — It’s difficult to be positive.
Stay tuned ...
Penn State Athletics is staring at a $100 Million Dollar Loss for 2020 and the ripple effect to Happy Valley is Catastrophic for the State College Business Community.
In 2019, PSU Athletics spent ~$160 Million and at
best showed a profit of ~ $4 Million. That’s in Good Times. The Year of 2020 is a Disaster.
The Snowball effect will mean Layoffs (or worse) at Penn State.
Even if there is Spring Football it’s hard to imagine that football teams would play a 10 game schedule—not to mention that that it would be ~ an 8 Month Long Wait— I hope I’m wrong.
Financially, the State College Community is in dire shape. After COVED, Lockdown, a summer without all sports and activities, Arts Festivals, Sports Camps, Fairs and many other events — It’s difficult to be positive.
Stay tuned ...