UH Football made $3.2 million last season, women’s basketball lost over $1 million

HA Note: “UH completed its 2008-09 fiscal year yesterday and based upon unaudited figures as of May 31, football is expected to turn a $3,169,500 million profit while women’s basketball is forecast to lose $1.05 million, according to the school.”

About how they can increase revenue in their 6 revenue-producing sports (football, men’s and women’s volleyball, men’s and women’s basketball, and baseball) to eventually break even in 2011:
“If our ticket sales grow those (deficits) are something we can start to whittle down quickly. It is something we definitely expect to work toward very hard.” (HA)

HA Note: “Women’s basketball will have considerable room for upside growth after its worst season, on — and off — the court. The Rainbow Wahine sustained the most losses (8-23) in their 35-year history and had a shortfall of $1,025,000, based upon taking in approximately $32,000 with expenses of $1,057,000, according to UH figures. UH officials have said they believe that with the possible exception of the 0-12 football team of 1998, it could be the biggest financial loss sustained by a UH team. Figures for 1998 were not immediately available. In addition, UH is counting on the enthusiasm generated by the hiring of new coach Charlie Wade to help return men’s volleyball to profitability. Until three years ago the program had managed a surplus. In its 1990’s heydays, men’s volleyball had even managed a reported $400,000 profit.”

HA Note: “Women’s volleyball was credited with turning the second-largest profit, $303,500, while men’s basketball topped expenses by $117,000.”

http://sports.honoluluadvertiser.com/apps/pbcs.dll/article?AID=/20090701/SPORTS02/907010357/1312&template=UHSports

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