The 🏈 and 🏀 teams probably make profit with gate receipts, concessions, broadcast rights, on site advertisement of local businesses and conference payouts.
Many 🏫 athletic programs operate at a deficit and rely on booster donations. Ricks did when they had intercollegiate athletics.
Does the athletic program still receive funding from 👩🎓 and booster donations? Or do they get all there revenue from the aforementioned entities.