Minnesota lost money on alcohol sales
The University of Minnesota losing money on alcohol sales during games is is easily the greatest upset in college football history.
We live in a world full of mysteries that mankind has never been able to solve, but perhaps no mystery is greater than what occurred at the University of Minnesota last football season.
Minnesota began selling wine and beer at football games during the 2012 season, and records show the school actually lost money selling alcohol. At football games. Excuse me, college football games.
According to the Associated Press, Minnesota lost around $16,000 despite more than $900,000 in sales at home games this season.
Over half the $900,000 in sales went to Aramark, the company that had the contract to sell the alcohol. The school was left with $450,000, and when you take into account the money Minnesota had to spend, like equipment rentals and additional police and security -- turns out people do things they wouldn't normally do after drinking -- it starts making a lot more sense.
However, Minnesota maintains that it didn't begin selling alcohol to make a profit -- which, come on -- though the school should make money on the alcohol sales during the 2013 season since $30,000 of the school's expenses were a one-time deal.
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