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Saturday, November 16, 2024

Boone County's universities spent $36,326,858 on football teams in 2023

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Dr. David Russell, Presdent | Columbia College

Dr. David Russell, Presdent | Columbia College

Boone County's two colleges invested $36,326,858 on their football teams in 2023, a 10.7% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 28.1% of all money invested on sport teams at the two colleges in the county during 2023.

The average sports expenses at Boone County have grown 134.2% since 2010.

University of Missouri-Columbia stood out as the university in Boone County which received the most football funding during 2023. The institution received $36,326,858 — or 100% of all the money destined to football teams.

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 Boone County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$36,326,85828.1%
2022$32,808,14629%
2021$24,080,44327.2%
2020$28,644,93527%
2019$23,586,36323.4%

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