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Tuesday, Nov. 28
The Indiana Daily Student

IU Athletics turns profit in 2009

IU was one of just 14 universities in the NCAA’s Football Bowl Subdivision to turn a profit for athletics during the 2009 fiscal year, earning approximately $145,000.

“IU Athletics is proud that we have been, and project to continue to be, financially self-sustaining,” Athletics Director Fred Glass said in a statement. “We believe it is our obligation to our state and our university to do so.”

Since becoming Athletics Director in January 2009, Glass has implemented projects to maximize profit amidst declining attendance numbers at football and men’s basketball

Those efforts have included $5 balcony tickets during the 2008-09 men’s basketball season and football promotions such as Knothole Park, Knothole Club, Kicks-for-Keeps and a new high-definition scoreboard.

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