Athletic directors at the nation's biggest sports schools are bracing for a potential financial crisis related to the coronavirus pandemic.
According to a survey released Thursday by LEAD1, an association of athletic directors from 130 major college football schools, 63% forecast a worst-case scenario in which their revenues decrease by at least 20% during the 2020-21 school year. Even an abbreviated football season could cause schools to lose that much.
LEAD1 and Teamworks, a company that created an app designed to help keep teams and athletic departments connected, conducted the survey of more than 100 ADs from schools in Division I's Football Bowl Subdivision.