IndianaLocalNews

IU loans $26 million to cover transition between football coaching staffs

(Photo supplied/Indiana University)
IU loaned its athletic department $26 million dollars last fiscal year to help cover the transition between football coaching staffs.
The loan appeared in IU Athletics’ latest financial fiscal report.
IU provided more financial support to athletics in a single year than ever before.
For the first time since the NCAA’s current reporting structure began in 2004, IU reported more than $3.1 million in allocated revenue-funds transferred from the university to the department.

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