A firm hired by a group of major Baylor donors estimates the sexual assault scandal could cost the University as much as $223 million in lost revenues and expenses.
The firm, HSSK, with offices in Austin, Houston and Dallas, released its findings in a press release sent Tuesday morning.
The analysis came at the request of the donor group, Bears for Leadership Reform (BLR), which is made up of Baylor alumni, students and faculty.
Jared Jordan, Managing Director of HSSK, said in the press release that the firm used a variety of sources to complete its report.
Jordan also said the "analysis and conclusions are based on the information I was able to review given the limited time provided to complete my analysis and are subject to and will likely change as additional information becomes available or is analyzed."
Among the factors considered in the report were; information related to Baylor sexual assault crisis, articles published by the media, information related to the Penn State University child sexual assault investigation and information provided by BLR.
Jordan noted that while he used information related to the Penn State investigation, there are differences in the circumstances and facts of each case.
The report looked at estimated past and future costs and revenues starting in September 2015, including settlements with key former employees and victims, sexual assault investigation costs and legal costs.
According to the report, Jordan estimates Baylor could lose as much as $121.7 million in costs and $101.3 million in revenues through 2019.
Despite demands from BLR, Baylor's Board of Regents announced Monday they would not hire another law firm to review the Pepper Hamilton investigation into the sexual assaults.