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Roanoke Sun

Tuesday, December 3, 2024

Franklin County's only university spent $812,523 on football teams in 2023

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President Mirta Martin | Ferrum College

President Mirta Martin | Ferrum College

Franklin County's institution invested $812,523 on their football teams in 2023, a 14.8% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 20.2% of all money invested on sport teams at Ferrum College during 2023.

The average sports expenses at Franklin County have grown 156.3% 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 Franklin County in Last 5 Years
YearFootball Team's Expenditures% from grand total sport team expenditures
2023$812,52320.2%
2022$707,75918.8%
2021$563,78921.2%
2020$563,17716.6%
2019$691,59819.1%

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