University of Virginia Library

Football Big Gainer

'68 Athletic Fund Gains Financially

Increased revenues during the
past year have been a major factor
in the improvement of the athletic
program at the University of
Virginia, Athletic Director Steve
Sebo said.

An analysis of the athletic
department's fiscal report for the
year which ended June 30, shows
that revenue rose to $468,648, an
increase of $43,000 over the
previous year's $425,000, Sebo
said. This is in contrast, he noted,
to the 1966-67 fiscal year which
saw a decrease in athletic revenues
at the University.

Expenditures for the past fiscal
year totaled $470,595 compared
with $407,000 for the 1966-67
report period. Sebo said that the
improved revenue picture has
meant that the University could
hire new coaches, provide
much-needed salary adjustments for
members of the athletic department
staff and purchase new equipment
for the teams.

More than offsetting the
decrease in basketball revenue was a
$10,098 increase in income from
student athletic fees from $139,742
to $149,840, reflecting enrollment
increases.

Mr. Sebo's annual report, which
is being filed with the State Budget
Office in Richmond, shows that
football games held in Scott
Stadium during the 1967 season
produced proceeds totaling
$248,528 from which $115,976
was deducted as opponents' shares
and $14,895 for game expenses.

The home football game
showing the largest revenue in 1967
was the Duke University game
which produced revenues totaling
$67,519. Out-of-town games
producing the most revenue for the
University in 1967 were the games
played at the University of South
Carolina ($44,898) and Army
($44,749).

Eleven University Hall
basketball games during the
1967-68 season produced revenues
amounting to $28,842, while
expenses amounted to $8,179. In
addition, the University received
$5,993 from other games and $913,
after expenses, as its share of the
Virginia - V.P.I. Invitational
basketball tournament.

Mr. Sebo stated that the over-all
increase in revenues for the fiscal
year, coupled with the improved
athletic facilities at the University,
have strengthened the school's
intercollegiate athletic program. He
added that the report does not
include the last half of 1968 which
saw the University's football team
compile a 7-3 record and its
basketball team posting a current
record of six wins and six defeats.

A breakdown of the revenue
figures shows, Mr. Sebo said, that
receipts from football games rose
from $265,791 in 1966 to
$273,837 in 1967. Basketball
revenues dropped from $33,920 to
$27,576 in 1967-68, due in part,
the athletic director explained, to
several games being played when
students were away at semester
break.

Steve Sebo

Athletic Director Says
Department's Program
Being Improved