And more dirty laundry...

From the LA Daily News: After decades of balancing the books, UCLA’s athletic department finds itself in a hole. And not just any hole — a hole so deep, it resembles the worst of times at the Bruins’ sister school 400 miles to the North. UCLA athletics reported a whopping $18.9 million deficit for the 2019 fiscal year, according to a statement of revenues and expenses submitted to the NCAA... The Bruins generated $108.4 million in revenue against $127.3 million in expenses for the 12-month period that included Chip Kelly’s first season as the football coach and the tumultuous basketball stretch in which Steve Alford was dismissed. 

The shortfall will be covered by an interest-bearing loan from central campus, according to a spokesperson. The terms of the loan were not available; nor were athletic department budget projections for the current fiscal year. This marks the first time in 15 years that the Bruins haven’t balanced the books, according to university records, and coincides with the final months of athletic director Dan Guerrero’s tenure. Guerrero, on the job since 2002 and the target of frequent criticism by UCLA fans, announced recently that he will step down at the end of the academic year...

Full story at https://www.dailynews.com/2020/01/24/uclas-budget-whammy-the-bruins-are-bleeding-cash-and-require-a-bailout-from-campus/