EYEWITNESS LOCAL NEWSWVU Athletic Department Reports $4.2 Million Profit
from Eyewitness News Online
Reported by: Associated Press
Web Producer: Jeff Morris
Reported: Oct. 11, 2013 1:16 PM EDT
Morgantown, Monongalia County , West Virginia
West Virginia University's athletic department reported a $4.2 million profit during the 2012-13 fiscal year.
The university said Friday that revenues were $77.7 million in its first season in the Big 12, compared with operating expenses of $73.5 million.
That compares to a record deficit of nearly $13 million in 2011-12, which included an exit fee the university paid to leave the Big East.
Contributions to the Mountaineer Athletic Club of $23.9 million were a record for the second straight year.
WVU athletic director Oliver Luck said he is "pleased and proud" of the athletic department.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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