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Lynchburg Reporter

Wednesday, October 16, 2024

Lynchburg city's men's football teams receive $23,512,821 in 2023

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Dr. Alison Morrison-Shetlar, President | University of Lynchburg

Dr. Alison Morrison-Shetlar, President | University of Lynchburg

Lynchburg city spent $23,512,821 on men's collegiate football teams in 2023, an increase of 19.3% over the previous year, according to the U.S. Department of Education.

This translates to roughly 33.8% of all spending for sports teams at the four universities in the county during the 2023 season.

The average sports expenses at Lynchburg city have grown 76.1% since 2010.

College football is one of the biggest sports in the U.S., with some college teams eclipsing NFL teams in terms of attendance and profit.

In 2022, after a decades-long fight, student athletes nationwide gained the right to profit from their names, likenesses, and images as a result of a flurry of new state laws and an NCAA policy change.

Men's Football Team's Expenditures in Lynchburg city in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$23,512,82133.8%
2022$19,710,23430.8%
2021$17,921,30530.9%
2020$15,584,33928.9%
2019$16,947,46729.8%

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