When your operating expenses grow 8.6% (in a near zero inflation environment) and your revenues only grow .6% you have to question the management decisions. See the following:
https://www.stltoday.com/sports/college/mizzou/mizzou-athletics-operated-in-red-last-year-first-time-since/article_2277a0ca-faf1-5427-94bb-acb7aab42285.html