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UW Athletics projects $47 million net impact from COVID

Adam Barnes, the associate athletic director and CFO for Business Operations, told the Athletic Board’s Finance, Facilities and Operations Committee in a meeting Wednesday afternoon that revenue is projected to be down $73 million from pre-pandemic budgets for the fiscal year. The department has offset some of that loss by cutting $26 million from the original expense budget. That leaves the negative net impact of $47 million.