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Mebert
Not Mebert's Alt
You didn't talk about paying the players, how do the schools do that?
Sure, The university sells Tickets to games, Merchandise, and signs a tv deal. They take some of this money and agree to compensate those that make the tickets, merchandise, and tv deals worth anything. The unused portions of that money go towards the upkeep of facilities and marketing. Which in turn allows them to sell MORE tickets and merchandise.
Now stick with me here. At the end of the year if the athletic department made more money than they spent that is called a profit! If it does not the team folds or they bring in a new AD that knows how to balance a spreadsheet.
Right here, where I talk about compensating people. The bold part. Let me know if you also need to italicize or underline it as well.
To recap: They use the money they make from football and pay people to play football.