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University of Iowa Anticipates $100 Million Loss Due to Lack of Fall Sports

University of Iowa Anticipates $100 Million Loss Due to Lack of Fall Sports

“This comes as the university alerts its football season ticket holders and per seat contribution commitments that the refund request deadline of August 14 is no longer valid.”

What happens if we’re still dealing with Coronavirus next spring? Will schools just keep canceling sports?

KCRG News reports:

University of Iowa anticipating revenue loss of $100 million due to fall sports moving to spring

With the fall sports season being postponed until the spring, University of Iowa Athletic Director Gary Barta said the university is anticipating a revenue loss of around $100 million and a budget deficit of between $60-75 million.

This comes as the university alerts its football season ticket holders and per seat contribution commitments that the refund request deadline of August 14 is no longer valid.

Anyone who would like a refund can reach out to [email protected] Ticket holders can choose to keep their tickets, which will be applied to the 2021 season.

Barta wrote in a letter addressed to Hawkeye fans that the university remains committed to student-athletes, and the winter and spring sport seasons.

Barta also outlined the next steps for Iowa’s athletic department, which include exploring how a spring season for fall sports will work and finalizing a plan to guide the department through the financial challenges caused by the coronavirus pandemic.

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Comments

The Friendly Grizzly | August 18, 2020 at 8:32 am

How sad.

So, the fall sports seasons are postponed until the spring. I’m not buying the “due to the corona virus” excuse, though. It’s more likely to make sure the student bodies and faculties can focus their attention on rioting and Burning, Looting, and Murdering, (Inc.) after the election in November and inauguration in January (regardless of the outcome). Then they can get back to the serious business of college football.

Do the student-athletes still “not have to go to class?”

Why would be still be “dealing with” coronavirus next spring? It’s barely a deal now but for overwrought propaganda telling us we’re all going to die.

notamemberofanyorganizedpolicital | August 19, 2020 at 1:17 am

The colleges are about to a lot more – over a Billion Dollars.

Come on you know TDS means most will hold on to the Chinese stock until it is worthless.

US Launches Soft Capital Control Attack On Beijing,

“Urges” Colleges To Sell Chinese Stocks

One day after Trump activated what Bloomberg described as the “nuclear option” when the US announced that Huawei can’t access US technology directly or indirectly, an action which leaves it in extremely difficult circumstances, the U.S. State Department has escalated the Cold War with China yet again, with Bloomberg reporting that the US is now asking colleges and universities to divest from Chinese holdings in their endowments, “warning schools in a letter Tuesday to get ahead of potentially more onerous measures on holding the shares.”

The iShares MSCI China ETF, the MSCI sold off on the news.

As Bloomberg explains, “Tuesday’s warning is part of a larger campaign by U.S. officials to slow the money that has flowed from investment funds into Chinese companies. Secretary of State Michael Pompeo told state governors in February that some pension funds are playing into China’s hands.”

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