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" ... Innovation is routinely hailed as the foundation of America’s economic success. From the internal combustion engine to the assembly line to the semiconductor and beyond, new tools and techniques have historically propelled productivity gains and boosted GDP growth. When it comes to the financial markets, though, the record is spottier. ... "
" ... This would be applicable even among the “Power 5” conference members. There are baseball programs in the SEC and Big 12 as well as some other places that can stand on their own financial legs. Women’s basketball at Tennessee, Connecticut, and some other places can also. After that, it becomes spottier. Track and field, swimming, soccer, golf, and most other sports probably cannot, maybe with a few exceptions. If a school or conference wants to promote a particular sport with additional financial support because of local interest and contributions from boosters much like it would drama and theater, well, ok. Professional athletes who are alumni could might chip in. ... "