May 16, 2013 at 6:35 am
MINNEAPOLIS, Minn. (AP) After losing money during its first season of selling alcohol at stadiums on campus, the University of Minnesota has renegotiated its contract with the company that provides it to allow it to turn a profit.
The university announced on Tuesday that after losing $16,000 during the year Aramark has agreed to pay the school an additional $37,000. That means the school will have turned a $21,000 profit.
The Golden Gophers were widely criticized in March when it was reported that the school lost money on alcohol sales despite selling more than $900,000 in beer and wine at TCF Bank Stadium. The school says a new commission structure will help make the venture more profitable going forward.
If alcohol sales are similar next season, the Gophers estimate a $110,000 profit.
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