Notre Dame Football is Money, Yo
domer.mq
That’s how the kids talk these day, right?
Whatever. Here’s the reason for this post. I’ve bolded some interesting parts…
The Most Valuable College Football Teams
By Peter J. Schwartz, Forbes.com
November 20, 2007In the past few years, there’s been a big push by major college football teams to increase revenue through massive stadium expansions, lucrative premium seating and rich sponsorship and broadcast deals – the same blueprint the National Football League used for decades to create billion-dollar franchises.
The game plan is working in college, albeit on a much smaller scale: Last year, 10 college football teams raked in at least $45 million in revenues – among them, the University of Notre Dame, University of Georgia, Ohio State and Auburn University – compared to none five years ago.
[...]
The University of Notre Dame Fighting Irish, worth $101 million, is the most valuable team in college football. Unlike the other programs on our list, Notre Dame’s athletic department operates under the umbrella of the university and is not run as its own distinct entity. As a result, a much higher share of profits are retained by university for academic use. The football team’s contribution to academics totaled $21.1 million for the 2006-2007 season – that’s as much as the next five most valuable teams contributed to their respective schools combined. Operating independent of the conference system allows Notre Dame to keep the entire $9 million in annual television revenue it gets from NBC.
The University of Texas Longhorns, worth $92 million, was football’s most profitable team last season, earning $46.2 million, of which $4.7 million went to academics. When the Longhorns play at home, Travis County sees an estimated $9.4 million of incremental spending associated with the game, a virtual tie with South Bend County during Notre Dame home games.
And here’s an interesting thing to think about: ND is the “most valuable” program in the country while being the smallest in the top 5 by enrollment.
- Notre Dame: ~8500 undergrad.
- Texas: ~49,000
- Georgia: ~32,000
- Michigan (sucks!): ~26,000
- Florida: ~51,000
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One Comment
That ND is at the top of the list with the smallest enrollment is very noteworthy.
NDFB is truly a “brand name” which needs to be protected, nurtured and appreciated. Because of Rockne’s barnstorming train trips cross country, the golden age of sport in the 1920’s, demographics and sociology, NDFB was able to attract a national fan base way out of proportion to its alumni base.
This fact has further reinforced NDFB to account for the NBC contract, a position of strength with the BCS, countless license revenue opportunities and travel support the Bowls appreciate.
It is significant as you point out that this revenue positively impacts the entire student and faculty population in a meaningful way.
This is why the success of NDFB is so very important…it allows a small, private University the opportunity to combine Big Time academics and Big Time athletics. CW gets this, I pray he is able to continue to build the “NDFB Brand NAME.”
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