KU May Seek $20M Credit Line to Bolster Athletics

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The University of Kansas is hoping a hefty loan will stem its athletic department’s budgetary problems related to the COVID-19 pandemic.

KU chancellor Douglas Girod Wednesday put forth a plan to have KU Athletics pursue a $20 million line of credit that would “provide emergency liquidity in the event the COVID pandemic modifies the upcoming football and/or basketball seasons in such a way that creates significant operational deficits, even after significant cost-cutting measures.”

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