The Sports Capital Review

The Sports Capital Review

Athletic Directors Are Becoming Portfolio Managers

The money got tight. The departments that outperform will run one portfolio, not a stack of separate bets.

Justin King's avatar
Justin King
Jul 29, 2026
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Financial flexibility is compressing across college sports. Everyone feels it. Almost nobody is managing it as what it actually is.

Athletic directors still run entire departments, coaches, facilities, fundraising, compliance, athlete welfare, competitive performance, dozens of university relationships. But the job changed underneath them. They’re now al…

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