LOUISVILLE, KENTUCKY - NOVEMBER 24: Louie the Cardinal, the Louisville Cardinals mascot performs in the game against the Akron Zips at KFC YUM! Center on November 24, 2019 in Louisville, Kentucky. (Photo by Justin Casterline/Getty Images)
Despite the announcements, we’re spending money like never before.
The University of Louisville posted its annual audited reports a few weeks ago for anyone like me who wants to deep dive financial results. Included is the report for the University of Louisville Athletics Association (ULAA). In the face of purported belt tightening and news that we’re now taking on debt to meet expenses, the numbers continue to show a trend of higher athletics spending over the last three years.