Ohio State’s athletic department reported an operating deficit of nearly $38 million during the most recent fiscal year, according to an annual financial statement submitted to the NCAA.
The athletic department spent a record $292.7 million from July 1, 2023, to June 30, 2024, while it also saw a dip in overall revenue.
It brought in $254.9 million in total operating revenues over the period, a decline of $24.6 million from the previous fiscal year, contributing to the budget shortfall.
https://www.dispatch.com/story/sports/college/football/2025/01/27/ohio-state-osu-buckeyes-sports-athletics-budget-deficit-nearly-38-million-2024/77973511007/