The costs included building a new stadium on campus. That was going to draw a lot of students to the games. And there were games in the first year with a decent turnout. They might have pulled it off, if the team didn’t blow chunks every single week.
That brought back horrible flash backs of the Cleveland Cadavers at the Mosuleum, with their 15-67 records (more than once). Let’s just say it wasn’t the place to be…