Report says Michigan athletic department turned a $26.6 million profit in 2010-11, 2nd most in the Big Ten
The Michigan athletic department wasn't bashful with expenditures in 2010-11.
And the school's athletic clubs weren't exactly hurting either.
According to a report by The Business of College Sports, the Michigan athletic department turned a profit of $26.6 million during the calendar athletic year of 2010-11, the second-highest gain of any Big Ten school.
Per the report, which relies on data obtained through the Department of Education, Michigan also went down as the second-highest spender that year at $95.8 million.
Penn State was the league's most profitable department, bringing in a whopping $31.6 million while spending $84.5 million.
Ohio State spent more than anyone ($113.2 million), but still was the third-most profitable school ($18.6 million). Michigan State was the league's fourth-most profitable school at $13.5 million.
Two schools, Minnesota and Northwestern, gained zero profit, per the report.