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Thursday, November 21, 2024

Franklin County's only university spent $221,051 on football teams in 2023

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Dr. Gary M. Brown President | Louisburg College

Dr. Gary M. Brown President | Louisburg College

Franklin County's institution invested $221,051 on their football teams in 2023, a 19.3% increase in funding from the previous year, according to the U.S. Department of Education.

This represents 12.4% of all money invested on sport teams at Louisburg College during 2023.

The average sports expenses at Franklin County have grown 30.4% 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$221,05112.4%
2022$185,22010.1%
2021$167,69210.9%
2020$207,62812.2%
2019$202,09112.8%

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