Report: Cal Athletics’ financial situation looks grim

By Jake Curtis, Cal Sports Report: The financial situation of Cal athletics is not encouraging as the Golden Bears begin  membership in the Atlantic Coast Conference next fall. At least that’s the assessment of Jon Wilner of the San Jose Mercury-News after he obtained financial documents for UCLA and Cal.

He concluded that the athletic departments of UCLA and Cal combined to have a deficit of more than $80 million in fiscal year 2023 when contribution from the universities’ central campus was excluded.

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Report: Cal Athletics’ financial situation looks grim

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