If money is unlimited, you could come up with reasons to fund all of the junk you've listed. For GP's example of a college fencing team, they need 1) occasional use of a well-ventilated room with a hard floor [and one or two electrical outlets if they're using that fancy electronic scoring] and 2) storage for their equipment when they're not using the room. Literally nothing else is needed. Few fans would ever pay to see fencing, so these actual student-athletes don't need any more compensation than the room and the storage. Equipment can be funded by donations and dues. Coaches should mostly be volunteers, but if someone needs payment that can also be from dues or donated.

(Source: I played on my college club kendo team. If anything the needs of fencing are less than those of kendo.)