Yeah, well, I think Stanford alums and students have a legit claim on that, probably more than any other school with a legit football team. That school is not like all the others...in many ways.
Stanford is basically a graduate school that also happens to have an undergraduate program. And that undergraduate population has a disproportionate number of trophy athletes. With <7,000 undergrads on campus, there simply isn't the volume of students available to energize a stadium in the same way as any other Pac12 institution. Of that undergraduate population, ~850 are competing and training in varsity athletics. Stanford is a school of doers, not spectators. Stanford's 9,000 graduates students are just not reliable as sports fans because they have dissertations to write, families to raise, and worlds to conquer.
Plus Palo Alto and Silicon Valley isn't exactly blue collar America. Joe Six Pack sports fan in Oakland is not going to get the red carpet treatment on the farm. The Raiders, 49ers, Cal and even San Jose State dilutes and divides the Bay Area fan base. The point of Silicon Valley isn't sports anyway. It's all about innovating the next big thing and paying to live in one of the most expensive real estate markets in the world. The sports program at Stanford is as close to an equal opportunity and diversity initiative as you will find in this geek and plutocrat mecca. Those precious little snowflakes that get admitted to that elitist institution pay for a hermetically sealed bubble to keep out riffraff like sports junkies.
Stanford's AD isn't financially hostage to ticket sales. The athletic funding model involves big donations from wealthy benefactors who endow 36 varsity sports. Baseball, Softball, Fencing, Field Hockey, Mens & Womens Gymnastics, Rowing, Sailing, Sand Volleyball, Swimming, synchronized swimming, Diving, Squash, water polo, and wrestling are all Cardinal sports that exist because of charitable donations used to build facilities and endow coaching positions geared at maximizing the volume and quantity of championship caliber athletes.
By way of comparison, CU Boulder has 26,000 undergraduates about 450 student athletes, and only 13 varsity athletic programs. If Stanford's athletic program ratios were applied in Boulder, the CU AD would support 133 varsity sports teams and 3,160 student athletes. And CU's proportional endowment would be $79.5 Billion (it's really $1.5 Billion).