In a report by FanSided, the Tennessee Vols are over $200 million in debt. It's a true sign that the once prominent SEC powerhouse is in serious trouble if they don't turn this football program around fast. With the hiring of Butch Jones, the Vols hope they have found the leader to get the job done.
According to the report, the Vols budget is $99 million and they spend $21 million on debt payments annually.
With the football program's steady decline since 2000, attendance has taken a hit as well. In the 1990's it was a normal thing for there to be over 107,000 fans in the stands at a game. In 2012, the Vols averaged under 90,000 per game.