The financial breakdown between Learfield IMG and their college affiliates has been a mystery for a long time, until now. Sportico obtained royalty reports from eight schools showing the financial breakdown with the universities and their athletics broadcast partner.
Georgia takes the top spot among the eight obtained reports as the most lucrative relationship for Learfield IMG. Georgia Athletics broadcasts made Learfield IMG $7.4 million in the 2019-20 season. Marshall slotted in as the least profitable relationship until the numbers from UCLA came in.
Marshall made Learfield IMG $492,000 in 2019-20, but UCLA didn’t net them a profit. Bruins athletic broadcasts lost the company a combined $2.63 million from 2018 through 2020. Sportico attempted to secure information from more than eight schools, but received heavy pushback, especially when requesting University of Texas records. Learfield IMG petitioned the state Attorney General’s Open Records Division to deny the request. They cited the request as “profoundly detrimental” to its business.
“The trade-secret exemption is probably the single most abused and distorted of all freedom-of-information exemptions,” said Frank LoMonte, director of the Brechner Center for Freedom of Information at the University of Florida in the article. “If open records laws mean anything at all, they mean that the public gets to see how an agency’s money is being spent and where revenue is coming from. The public has an absolute right to know whether a university negotiated a good bargain, or whether a commercial partner like Learfield is getting a preferential sweetheart deal.”
Zooming in on the one school that hasn’t brought in profits, Learfield IMG told Sportico that their relationship with UCLA isn’t dire.
“It’s important to separate a ‘renegotiation’ from necessary adjustments, due to impairments, which are in keeping with the contracts we have in place with our partners,” the company said. “As with practically all of our discussions at the moment, conversations with UCLA are primarily about the latter and not the former.”
The pandemic-related impact reduced the money Learfield IMG owed to UCLA after last season by $305,294. Schools with strong baseball programs felt the financial pain on another level after canceling the entire 2020 spring season.