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Saturday, September 21, 2024

Franklin County's only university spent $1,581,152 on football teams in 2023

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Dr. Koffi C. Akakpo, President | Kentucky State University

Dr. Koffi C. Akakpo, President | Kentucky State University

Franklin County's institution invested $1,581,152 on their football teams in 2023, a 33.7% decrease in funding from the previous year, according to the U.S. Department of Education.

This represents 33% of all money invested on sport teams at Kentucky State University during 2023.

The average sports expenses at Franklin County have grown 64.3% 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$1,581,15233%
2022$2,385,00844.2%
2021$1,411,06643%
2020$1,823,14941.9%
2019$854,82921.5%

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