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re: Athletic Department Debt
Posted on 1/12/17 at 10:58 pm to GeauxTigersLee
Posted on 1/12/17 at 10:58 pm to GeauxTigersLee
quote:
So how does a place like LSU that brings in huge revenue and gives some back to the university have one of the top 10 largest debts in college athletics?
For the same reason that Exxon has more debt than you do.
That's not a net figure. LSU Athletics is a 9-figure operation. They incur debt in their operations and they are easily able to service that debt with current revenue. For example, they borrowed millions to pay for the expansion of Tiger Stadium and they are paying it off, plus making a huge profit besides, by selling the tickets, suites, etc. that it added.
This post was edited on 1/12/17 at 11:02 pm
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