COLUMBIA, Mo. — The University of Missouri’s athletics department plunged into a $15.2 million budget deficit during the 2024 fiscal year after two years of operating in the black and despite a standout season by its football team.
The deficit also came amid a winless conference record for the men’s basketball team and a change in athletic directors.
Mizzou athletics brought in about $168 million in revenue during fiscal year 2024 and spent $183.2 million, creating the deficit of $15.2 million, according to its annual submission to the NCAA’s Membership Financial Reporting System.
The deficit was covered by the university through an internal loan to the athletics department.