"...Based upon a deathless loyalty to Michigan and all her ways; an enthusiasm that makes it second nature for Michigan Men to spread the gospel of their university to the world's distant outposts; a conviction that nowhere is there a better university, in any way, than this Michigan of ours."
The University of Michigan athletic department reported a $4 million operating surplus for the 2022-23 fiscal year, according to a financial report obtained by USA TODAY.
The department created $229,561,279 in operating revenues compared to $225,548,280 in expenses for the fiscal year from July 1, 2022, to June 30, 2023., the most in a single year.
It's the second time U-M has exceed $200 million (without adjusting for inflation) in annual operating revenue in one year — the only other occasion was last year, when U-M set a previous high at $210,652,287.