Projecting $31M Deficit, Kentucky Athletics to Borrow $141M From University

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The University of Kentucky athletics department expects to operate at a net loss of nearly $31 million over the next two fiscal years.

On Thursday, UK’s Board of Trustees Athletics Committee approved a plan to lend the athletics department $141 million, including $110 million in capital investment loans for major facility projects and an additional $31 million in operating funds to offset expected deficits in fiscal years 2025 and 2026, as college athletics' new era of revenue sharing begins.

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