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

Iowa plays Penn State during the first half of an NCAA college football game at Kinnick...
Iowa plays Penn State during the first half of an NCAA college football game at Kinnick Stadium, Saturday, Oct. 12, 2019, in Iowa City, Iowa. Penn State won 17-12. (AP Photo/Matthew Putney)(Matthew Putney | AP)
Published: Aug. 17, 2020 at 12:09 PM CDT
Email This Link
Share on Pinterest
Share on LinkedIn

IOWA CITY, Iowa (KCRG) - 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football season ticket holders and per seat contribution commitments that the refund request deadline of August 14 is no longer valid.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 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.

The university also recognized that moving fall sports to the spring will also impact businesses in the area that rely on Hawkeye events for support.

Read the full letter here.

Copyright 2020 KCRG. All rights reserved.