The California Golden Bears athletic department has needed help in the worst possible way. Looks like they’re on the verge of getting it from their university! More from Jon Wilner:
In a move with sweeping implications for Cal’s athletic department, Chancellor Carol Christ said Thursday that central campus will assume a portion of crushing annual debt from the Memorial Stadium renovation, according to a campus spokesman.
Christ revealed her plans at a meeting of the university’s Academic Senate in which she also announced that athletics must balance its budget by 2020, a timeframe that mirrors the university’s plan.