By Steve Berkowitz, USA Today: The early stages of the COVID-19 pandemic all but halted the Power Five college sports conferences’ seemingly unstoppable revenue growth, new federal tax records show.
After averaging collective annual increases of nearly $252 million over the previous six years, the conferences’ combined revenue rose by less than $11 million in fiscal 2020 and remained just over $2.9 billion. Two of the five saw income declines, and another operated at a modest loss even though its revenue increased.
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