TALLAHASSEE, FLORIDA – Florida State reported $437 million in athletics-related debt in fiscal year 2025, Sportico’s Daniel Libit reported. That’s an increase of $200 million and 71% of FSU’s total debt for the fiscal year.
FSU deputy athletics director Josh Turner told Sportico the surge is due to revenue bonds set to help fund renovations at Doak Campbell Stadium and construction for a new football operations center.
All told, Florida State University reported $617 million in institutional debt…