US College Sports ecosystem in disarray, Stanford eliminates 11 sports due…

first_img F1 French GP 2021: Max Verstappen pips Lewis Hamilton to win French GP, Perez finishes 3rd US College Sports ecosystem in disarray, Stanford eliminates 11 sports due to Covid19 Euro 2020 LIVE broadcast in more than 200 countries, check how you can watch Live Streaming of EURO 2020 in your country TAGSCovid19 impact on sportsSports BusinessStanford cuts 11 sportsUS College Football SeasonUS College Sports SHARE Cricket All of them have existed well outside of the robust revenue landscape in college sports dominated by basketball and football, but those teams and its players at Stanford over the years produced 20 national championships and 27 Olympic medals.In an open letter school leaders said the Covid-19 impact could equal a $70 million shortfall over the next three years if changes aren’t made. Latest Sports News American College Sports ecosystem in Disarray : Stanford eliminates 11 sports Hit hard by Covid19, Stanford University has decided to cut 11 varsity sports from the school’s athletics program in 2021, the school announced Wednesday.The school says because of the costs associated with running 36 varsity sports teams, the athletics program has been carrying an economic deficit for years — and the pandemic exacerbated the financial burden. WI vs SA 2nd Test Day 3 Live: Roach removes Markram in the first over; SA 20/1 (6 ov)- Follow Live Updates Share on Facebook Tweet on Twitter Cricket PSL 2021 Playoffs: Schedule, Timing, LIVE streaming, list of champions; all you need to know The Cardinal sports teams to be eliminated are men’s and women’s fencing, field hockey, lightweight rowing, men’s rowing, co-ed and women’s sailing, squash, synchronized swimming, men’s volleyball and wrestling. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCBS NewsThink Your Commute Is Safe? You Need To See This.CBS NewsGeorgetown UniversityLearn from Anywhere This Summer with Georgetown’s Online Summer CoursesGeorgetown UniversityPhotoStickHow To Back Up All Your Old Photos In SecondsPhotoStickStanford coaches and athletes notified of the decision through Zoom videoconferences on July 8, and the university published an open letter announcing the decision. “We felt is was imperative to confront the financial challenge before it worsened, to undertake a deliberate and collaborative decision-making process with our Board of Trustees and campus leadership, and to exhaust all alternatives before making profound changes in our programs, especially during this difficult time. That process has recently come to conclusion,” wrote Stanford president Marc Tessier-Lavigne, provost Persis Drell, and director of athletics Bernard Muir in the open letter. Several other schools have also dropped several of their non-revenue sports in recent weeks due to Covid-19. But Stanford’s moves are particularly notable given the number of teams involved, and the school’s lengthy track record of competitive and academic success.Sports Business : Top 65 US Colleges to lose $4 billion if football season gets cancelledThe Covid19 pandemic has created havoc in the US Collegiate sports ecosystem. As more and more college athletic departments cut sports programs, now it has been declared that the 65 universities which make up the Power Five conferences in the United States stand to lose in excess of $4 billion if the upcoming American football season cannot go ahead.Speaking with ESPN, Dr. Patrick Rishe, director of the sports business program at Washington University in St. Louis, laid out a stark scenario of financial ruin for the college sports.According to the report by ESPN, “Rishe estimates that the 65 Power 5 schools would collectively lose more than $4 billion in football revenues, with at least $1.2 billion of that due to lost ticket revenue.”The sentiment of financial ruin was also shared by TCU athletic director Jeremiah Donati:“If there’s no football season, or if football season is interrupted or shortened, there will be a massive fallout,” Donati said. “There would have to be massive cutbacks. Could the department go on? Sure. It would probably look smaller. There would potentially be fewer sports and much less programming.”Also Read : https://www.insidesport.co/sports-business-top-65-us-colleges-to-lose-4-billion-if-football-season-gets-cancelled/ By Kunal Dhyani – July 9, 2020 Cricket RELATED ARTICLESMORE FROM AUTHOR Football center_img The American college sports ecosystem is feeling the heat of Covid19 with universities hit hard by the pandemic are on cost cutting spree Stanford University, which has operated one of the largest and most successful athletic programs in all of US college sports, said it will discontinue 11 of its 36 varsity sports programs and cut 20 support staff positions as a result of the Covid-19 pandemic.  WTC Final IND vs NZ: Virat Kohli displays his dancing skills on the beats of Bharat Army’s Dhol; Watch video Previous articleWFS Day 3 : Women Football need more investment to overcome Covid19 impact says expertsNext articleECS T10 Stockholm Botkyrka 2020 LIVE: SUN vs STT Dream11 Team Prediction, Squads, Who will win today match – European Cricket Kunal DhyaniSports Tech enthusiast, he reports on Sports Tech industry and writes on sports products. 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