The University of Arizona is facing a financial crisis that could lead to sports programs being eliminated at the school.
School president Robert Robbins disclosed the news of potential layoffs and other cost-cutting measures amid a $240 million financial shortage at a monthly faculty senate meeting Monday, according to a report from Tucson.com.
Athletics has been highlighted as a financial drain on the university and a contributor to the university-wide shortfall. Faculty members in attendance Monday raised the issue of a $55 million loan made by the university to the athletic department during the height of the COVID-19 pandemic. Robbins noted that the loan “has not been paid back fast enough.”
