Bloomberg: Cal Athletics faces largest debt among all college programs

As usual, Cal Athletics is in the news for all the reasons you don’t want to be in the news. This involves debt, which is something our Golden Bear program will be dealing with for probably the rest of our adult lifetimes.

Bloomberg is running a few features on the state of college athletics, and how a lot of tough questions lie ahead for the future of each sports. As you’d expect, Cal is prominently featured.

Cal sports are in big trouble. After completing the most expensive college football stadium overhaul ever, the Golden Bears now owe more money than any other college sports program. Hobbled by debt service payments, the athletic department ran a $22 million deficit last year and expects…