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Thursday, November 7, 2024

Montgomery County's only university spent $38,543,671 on football teams in 2023

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President Tim Sands | Virginia Polytechnic Institute and State University

President Tim Sands | Virginia Polytechnic Institute and State University

Montgomery County's institution invested $38,543,671 on their football teams in 2023, an increase in funding from the previous year, according to the U.S. Department of Education.

This represents 32.9% of all money invested on sport teams at Virginia Polytechnic Institute and State University during 2023.

The average sports expenses at Montgomery County have grown 133.2% 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.

Football Team's Expenditures in Montgomery County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$38,543,67132.9%
2022$37,820,80934.6%
2021$20,196,05127.6%
2020$35,625,48136.7%
2019$30,123,28236.5%

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