Report: Saban on cover of Forbes Magazine

Nick Saban is on the cover of Forbes Magazine and the Rap Sheet has the details including a graphic of the cover.

While some coaches have similar salaries, “No coach, including those in the professional leagues, can match Saban’s combination of money, control, and influence,” wrote Monte Burke, the author of the story.
To support its argument, the magazine cites Saban’s positive influence on the University of Alabama’s capital campaign, the increase in the quality of applicants, and the way he controls every aspect of his program.

How influential is Forbes?
Forbes Magazine reaches an affluent readership, and its website Forbes.com boasts 30 million unique readers each month.

You can’t argue it is a very interesting place to find Alabama’s football coach.

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Excerpt from Forbes article:

Handing Saban the keys was a business decision. Bigger TV contracts and bowl game payouts helped push revenues for the Division 1-A colleges to $2 billion, up 25% in four years. Saban has already had an impact. At his first spring practice game 92,000 fans showed up. The waiting list for season tickets tripled after his arrival to 10,000. A stalled 10,000-seat stadium expansion now seems inevitable.

Alabama’s football program had $54 million in revenue this past year and an estimated $32 million profit. The profit is used to pay off the athletic department’s $130 million debt for capital improvements. Football finances 77% of the athletic department, bankrolling nonrevenue sports like swimming and softball. It also has kicked back millions of dollars to university academic programs.

The magazine hits newstands Thursday morning, according to the Rap Sheet.