This might help you see what your school's president and other MEAC schools presidents see.
South Carolina State University Athletic Program Finances from 2005 to 2013:
TOTAL REVENUE LESS SUBSIDIZED SCHOOL FUNDS PER YEAR
2013 - $3,324,302
2012 - $3,324,480
2011 - $2,427,233
2010 - $2,570,563
2009 - $5,344,165
2008 - $2,506,631
2007 - $7,438,162
2006 - $8,343,158
2005 - $5,768,174
Total - $41,046,868
TOTAL EXPENSES PER YEAR
2013 - $10,136,350
2012 - $10,256,778
2011 - $9,899,545
2010 - $10,178,416
2009 - $10,432,737
2008 - $9,515,636
2007 - $7,438,162
2006 - $9,071,464
2005 - $3,236,028
Total - $80,165,116
TOTAL REVENUE MINUS TOTAL EXPENSES PER YEAR
2013 - ($6,812,048)
2012 - ($6,932,298)
2011 - ($7,472,312)
2010 - ($7,607,853)
2009 - ($5,088,572)
2008 - ($7,009,005)
2007 - $0
2006 - ($728,306)
2005 - $2,532,146
Total - ($39,118,248)
Source:
http://www.usatoday.com/sports/college/schools/finances/
The numbers above says your school's athletic program has accumulated a debit in the amount of
($39,118,248) from 2005 to 2013. That's a heck of a lot of money for any HBCU to waste.