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Florida recovering from $54.5M shortfall amid pandemic

GAINESVILLE, Fla. (AP) — Florida’s athletic department had a $54.5 million shortfall during the 2020-21 fiscal year because of the coronavirus pandemic. The Gators were able to weather the significant financial losses with a supplement from the Southeastern Conference and a sizeable reserve. The University Athletic Association released its annual budget summary amid the school’s two-day board of trustees meeting that ended Friday. Athletic director Scott Stricklin expressed optimism that one of the country’s most successful sports programs would rebound without any long-term setbacks. He says “it's something we hope we never have to do again.”

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