The University of Virginia enjoys a broad-based and successful athletics program, but
the success that Virginia achieves comes at a price. In this special feature, we
present a look at the Virginia athletics department finances for the 2007-08 academic year,
the most recent year for which data is available. The numbers show an athletic department
that runs slightly in the red and, like many athletic departments around the nation, is
feeling pressure to increase revenues and hold down costs in the face of an economic downturn.

The following information for Virginia, Virginia Tech, and other colleges
presented is derived from the published NCAA reports on the Virginia Auditor of
Public Accounts web site. I have also provided information for the three
out-of-state conference teams that UVa plays in the 2009 season to allow a
comparison of the athletic budgets and other data of those schools.

This report presents the past three years for both UVa and Virginia Tech. In
the first presentation the UVa numbers are presented for the past three years
and a report of the changes between the 2008 and 2007 years are also reported.

With regards to the reports, the following standard caveats and comments are
made:

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