GAINESVILLE — The Florida Gators have placed a price tag on the coronavirus pandemic: $50 million in lost revenues for the school’s athletic department.
An email sent Monday from the booster club asked prominent season-ticket holders to help offset the massive financial losses anticipated by the school’s University Athletic Association.
The organization’s 2020-2021 budget released earlier this summer projected around $141 million in revenues, including more $82 million generated by football. The UAA now projects a loss of $50 million even with limited capacity allowed in football, according to an email obtained by the Orlando Sentinel.
The email stated Florida continues to weigh how many fans, if any, will be allowed to attend the Gators five home games this fall and is working with the SEC Medical Task Force and UF Health officials to determine a plan.