That's not what I'm saying + I agree with you reguarding Football vs Soccer.Colleges are not making money from soccer. Why would they pay atheletes who do not produce profit? Redistribution of wealth from profitable football to unprofitable soccer sure sounds like socialism.
What I'm saying is that colleges have been making so much money off students + donations + federal funding + etc that they've been able to save up soo much money that the (tax free) interest alone could fund the entire school.
Sports are entertainment, and marketing for schools. Some schools choose to have faculty that hold major awards or high level status in their field. Other schools choose to have the biggest and best sports team. Both attract customers but sports is much more visible which translates to higher levels of enrollment.