How many of those programs spent money on facility / infrastructure upgrades? Did you look into that? No.
You can look up any and ALL athletic department income and expenditures for operating their program with
this link. Which doesn't include facility expenditures.
Let's look at the top of the list in the link you provided.
UNLV
Total Operating Expeditures -
$39,028,683
Total Revenue -
$39,926,403CAVEAT
Gain of $898,000
Now did UNLV spend money on facilities? Why yes..
Yes they did.
They had a 50 million dollar facilities upgrade project plan that they are still implementing. Just like we have when we started the cougar football project.
So are they losing money? NO. Did they raise money to fund their upgrade? Yes. Do they still owe money on it? Yes. But as I said. Just like anything you invest and then you make payments on the capital you borrowed to do the project.
So NO they aren't all losing money.
But let's continue on your stupid assumptions. Let's go to the next one.
Houston!
It says they have a deficit of 26.8 million.
Let's see what Houston is doing athletically
Houston
Total Operating Expenditures
$45,437,943
Total Revenue
$45,437,943
Breaking even (like most)
Did Houston have any facilities expenditures?
Oh wait... They just built a 128 million dollar stadium? Wow! It's almost as if there would be some debt associated with something like that. What a shocker there is. So how has Houston done in football since the Stadium was put into use in 2014?
Finished #8 Beat FSU in the Peach bowl. And that's why Athletic departments don't take cues from Flatland "I found this artcile look everybody is loosing money!, yet I don't understand what the word deficit means".
Every team on that list had massive expenditures in facility upgrades so of course the balance sheet in total will be off, but teams aren't losing money. They are making more in revenue then ever before.