UK Athletics Projects $31 Million Deficit, Will Borrow $141 Million From University to Invest in Future

Kentucky athletics to fund renovations with $110M loan

UK Athletics projects $31 million deficit, will borrow $141 million from university to invest in future

The moves come as UK Athletics prepares to shift its entire operating model to a new nonprofit holding company, Champions Blue, LLC, created earlier this year.

Projecting $31M Deficit, Kentucky Athletics to Borrow $141M From University

The University of Kentucky athletics department expects to operate at a net loss of nearly $31 million over the next two fiscal years.

UK Board of Trustees: Champions Blue, Revenue Sharing, Facility Upgrades

Mitch Barnhart re: Board of Trustees + Champions BlueIt's a new era of collegiate athletics, and the University of Kentucky is restructuring the athletics department to reflect the nationwide, ongoing changes.Last Friday, U.S. District Judge Claudia Wilken approved the House Settlement. Under the terms of that settlement, college athletics programs will be able to share revenue of up to $20.5 million annually with student athletes beginning July…

UK considering new athletics facility upgrades, announces Champions Blue board members

Board of Trustee Meeting Updated

https://www.lex18.com/sports/bbn-tonight/uk-board-of-trustees-champions-blue-revenue-sharing-facility-upgrades An additional $31 million operating loan...