COLUMBIA, Mo. — For the first time in six years, the University of Missouri’s athletics department reported a budget surplus, but athletics director Desireé Reed-Francois isn’t throwing a victory parade. In her first fiscal year running Mizzou athletics, the department generated record revenues of more than $141 million during the 2022 fiscal year. MU athletics also spent a record amount of money — more than $125 million — but the $15 million surplus marks a stark contrast from five consecutive years of operating at a deficit under past leadership.
“We're making investments for competitive success,” Reed-Francois told the Post-Dispatch.