Arizona interim CFO says athletics responsible for about $35M of fiscal gap

By Arizona Sports: University of Arizona interim chief financial officer John Arnold told the Arizona Board of Regents at a meeting on Thursday that about $35 million what he said was a $140 million fiscal gap last year came from Arizona athletics.

The university started 2023 with $844 million on hand and ended with $704 million, according to Arnold, and has implemented plans to address overspending, including a hiring freeze and travel restrictions.

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Arizona interim CFO says athletics responsible for about $35 million of fiscal gap

Arizona interim chief financial officer John Arnold told the Arizona Board of Regents $35 million of $140 million overspent during fiscal 2023 came from athletics.

Arizona Sports

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