The NY Times has an interesting piece on college sports. Now I went to MIT in the 60s. I went with my wife once to get something on campus and passed the intramural football team. They were playing one of the local Cambridge HS teams, Rindge I think. They lost! The cheerleaders from MIT were coeds, we could say that then, and they were the most uncoordinated set of people I ever saw. But it was fun.
Back then MIT was focused on science and tech. No DEI stuff, no Media Lab stuff, no Music PhDs. We just produced things. It is truly amazing how things have changed, for the worse.
What is the function of the University? Knowledge, not sports, politics, the stage. Shakespeare did no lecture at Oxford, he played to the masses in London.