Utah Athletics had a $4.7M profit, but here’s why it turned to private equity

February 13, 2026

By Joe Coles, Deseret News: According to financial records, the University of Utah athletic department turned a profit of $4,692,729 in fiscal year 2025, which ran from July 1, 2024, through June 30, 2025.

In a time where plenty of college programs operate at a loss, a year with any profit turned by an athletic department is a successful one, and Utah’s latest budget surplus allows it to sock away money at a moment where the athletic department needs every dollar it can get.

“Establishing a business model that can succeed over the long term has been, and always will be, the priority. FY24’s breakup of the Pac-12 Conference was unplanned and unprecedented, leading to the one-time substantial deficit,” Utah Athletics chief financial officer John Jentz told the Deseret News.

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Utah Athletics turned a $4.69 million profit before the landscape of college sports shifted

Utah’s last financial snapshot before revenue sharing went into effect explains part of why university and athletics leadership wanted to partner with private equity firm Otro Capital.

Deseret News

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