SEC Distributes $23 Million To Offset COVID-19 Losses : vima

SEC Distributes $23 Million To Offset COVID-19 Losses


SEC Distributes $23 Million To Offset COVID-19 Losses
The COVID-19 pandemic has been devastating to industries across the country. In particular, college athletic programs have suffered due to extra expenses in relation to testing and protecting its athletes, coaches and staff members. To help mitigate the losses that member athletic institutions have suffered this year the SEC has announced a $23 million distribution in supplemental revenue.
"The extraordinary circumstances produced by the global pandemic have presented colleges and universities with an unprecedented disruption to their programs and budgets," said SEC Commissioner Greg Sankey. "This supplemental revenue distribution will help ensure each SEC member will continue to provide high levels of support to its student-athletes."

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