Ohio State’s athletic department revenue was under $107 million for fiscal year 2021, down from nearly $234 million in fiscal year 2020, due to the impacts of COVID-19.
on Tuesday, Ohio State’s athletic department revenues for FY21 – which ran from July 1, 2020 to June 30, 2021 – were only $106,896,918, down from $233,871,740 in FY20.
Ohio State’s media rights revenue for 2020-21 – which included a shortened 2020 football season – also dropped more than $6 million, to $40,568,770 from $46,849,461. Total football revenue dropped to $41.9 million from $115.5 million. Ohio State may take out an interest-bearing loan from the university to cover the deficit but will not make that decision until the end of 2022, according to the release.
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