The shortfall also revealed several unique challenges that have saddled UCLA with a three-year deficit of $102.8 million, a staggering figure for a department that had not previously operated in the red since posting a negligible deficit in 2004. The Bruins receive just a pittance from campus sources compared with other athletic departments; they do not pocket stadium sponsorship sales and recoup just a small percentage of sales from parking, concessions, merchandise and premium seating sales at the Rose Bowl; they pay a usage fee for games at Pauley Pavilion while receiving only a sliver of concession and merchandise sales; they receive no parking revenue at any venue while footing the bill for staffing; and they refused to enact furloughs or staffing cuts during the pandemic, a rarity at a time when other departments liberally slashed salaries and jobs...
Ultimately, the biggest savior could be the university itself. As in recent years, UCLA is covering its athletic department’s debt with a loan that must be repaid in full...
Full story at https://www.latimes.com/sports/ucla/story/2022-01-29/ucla-posts-record-62-5-million-in-athletic-department-debt.
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